Mitsubishi UFJ Trust & Banking Corp Has $20.42 Million Holdings in Chipotle Mexican Grill, Inc. (CMG)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 44,932 shares of the restaurant operator’s stock after selling 6,273 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Chipotle Mexican Grill were worth $20,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Canada Pension Plan Investment Board grew its position in Chipotle Mexican Grill by 636.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 210 shares during the period. Cornerstone Wealth Management LLC grew its position in Chipotle Mexican Grill by 17.1% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 5,142 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $119,000. Dupont Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $123,000. Finally, Bessemer Group Inc. acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $184,000. 92.20% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on CMG. Canaccord Genuity reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, November 14th. Citigroup dropped their target price on Chipotle Mexican Grill from $573.00 to $527.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. TheStreet cut Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Wells Fargo & Co raised their target price on Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, October 26th. Finally, Barclays raised their target price on Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a research report on Friday, October 26th. Nine investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and a consensus price target of $431.72.

In related news, Director Pershing Square Capital Manage sold 118,307 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total value of $55,846,819.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.19% of the company’s stock.

Shares of Chipotle Mexican Grill stock opened at $473.21 on Friday. The stock has a market capitalization of $13.41 billion, a P/E ratio of 71.70, a P/E/G ratio of 3.19 and a beta of 0.22. Chipotle Mexican Grill, Inc. has a twelve month low of $247.51 and a twelve month high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.16. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current fiscal year.

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Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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