iSAM Funds UK Ltd Buys Shares of 14,300 Chipotle Mexican Grill, Inc. $CMG

iSAM Funds UK Ltd purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent filing with the SEC. The firm purchased 14,300 shares of the restaurant operator’s stock, valued at approximately $486,000.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $4,417,475,000. Norges Bank bought a new position in Chipotle Mexican Grill in the fourth quarter worth about $711,837,000. Capital World Investors lifted its position in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after buying an additional 13,843,222 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $383,483,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after buying an additional 9,473,120 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Up 2.6%

CMG opened at $38.49 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81. The company has a market cap of $48.70 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The firm’s 50-day moving average price is $34.74 and its 200-day moving average price is $33.92.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CMG shares. Bank of America reaffirmed a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Chipotle Mexican Grill in a research report on Tuesday. Guggenheim restated a “neutral” rating and issued a $36.00 target price (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Morgan Stanley lifted their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $43.84.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.