Bank of New York Mellon Corp Grows Holdings in Chipotle Mexican Grill, Inc. $CMG

Bank of New York Mellon Corp lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,106,040 shares of the restaurant operator’s stock after acquiring an additional 146,949 shares during the quarter. Bank of New York Mellon Corp’s holdings in Chipotle Mexican Grill were worth $262,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fielder Capital Group LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $250,000. BNP Paribas grew its position in Chipotle Mexican Grill by 17.4% during the 4th quarter. BNP Paribas now owns 3,359 shares of the restaurant operator’s stock valued at $124,000 after purchasing an additional 499 shares during the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $2,890,000. New Mexico Educational Retirement Board grew its position in Chipotle Mexican Grill by 3.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 62,800 shares of the restaurant operator’s stock valued at $2,324,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Ellevest Inc. grew its position in Chipotle Mexican Grill by 29.4% during the 4th quarter. Ellevest Inc. now owns 13,918 shares of the restaurant operator’s stock valued at $515,000 after purchasing an additional 3,163 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $28.05 on Friday. The firm has a fifty day moving average price of $32.93 and a 200 day moving average price of $35.24. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The firm has a market cap of $35.98 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill News Summary

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Negative Sentiment: Morgan Stanley downgraded Chipotle to Equal-weight, saying its growth outlook is less attractive than peers and that the company’s sales drivers are unlikely to improve quickly. Morgan Stanley backs Yum Brands, cuts Chipotle rating as growth outlook diverges
• Negative Sentiment: Chipotle hit a new 52-week low as investors continued to sell on consumer-spending headwinds and broader macro pressure. Macro Pressures Drive Chipotle Stock To A New 52-Week Low
• Negative Sentiment: Traders showed a bearish bias in options activity, with put volume more than doubling its typical level, suggesting expectations for more downside or hedging demand.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMG. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Citigroup increased their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays cut their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $45.65.

About Chipotle Mexican Grill

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.