Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 33.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524 shares of the restaurant operator’s stock after purchasing an additional 132 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Chipotle Mexican Grill were worth $372,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CMG. Comerica Securities Inc. boosted its position in shares of Chipotle Mexican Grill by 2.6% during the 4th quarter. Comerica Securities Inc. now owns 677 shares of the restaurant operator’s stock valued at $292,000 after acquiring an additional 17 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Chipotle Mexican Grill by 4.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 458 shares of the restaurant operator’s stock valued at $325,000 after acquiring an additional 18 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Chipotle Mexican Grill by 4.9% during the 4th quarter. Bessemer Group Inc. now owns 447 shares of the restaurant operator’s stock valued at $193,000 after acquiring an additional 21 shares during the last quarter. Mason Street Advisors LLC raised its holdings in Chipotle Mexican Grill by 0.7% in the 1st quarter. Mason Street Advisors LLC now owns 3,472 shares of the restaurant operator’s stock valued at $2,466,000 after buying an additional 25 shares during the period. Finally, Oak Ridge Investments LLC raised its holdings in Chipotle Mexican Grill by 3.1% in the 1st quarter. Oak Ridge Investments LLC now owns 841 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 25 shares during the period. 95.06% of the stock is owned by hedge funds and other institutional investors.

CMG has been the topic of several research analyst reports. BTIG Research boosted their price objective on shares of Chipotle Mexican Grill from $620.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Piper Jaffray Companies boosted their price target on shares of Chipotle Mexican Grill from $661.00 to $725.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Argus reiterated a “buy” rating and set a $770.00 price target (up from $670.00) on shares of Chipotle Mexican Grill in a research note on Thursday, March 21st. Wedbush upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $500.00 to $640.00 in a research note on Friday, March 22nd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $760.00 price target (up from $650.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, March 27th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $661.33.

Shares of CMG stock traded down $7.49 during trading hours on Monday, hitting $725.39. The stock had a trading volume of 387,459 shares, compared to its average volume of 639,391. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 80.07, a PEG ratio of 2.94 and a beta of 0.67. Chipotle Mexican Grill, Inc. has a twelve month low of $383.20 and a twelve month high of $749.24. The stock has a 50 day moving average price of $706.69. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.44 and a quick ratio of 1.41.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.01 by $0.39. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 13.01 EPS for the current year.

In other Chipotle Mexican Grill news, CTO Curtis E. Garner sold 9,276 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $738.02, for a total value of $6,845,873.52. Following the completion of the transaction, the chief technology officer now owns 15,780 shares in the company, valued at $11,645,955.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Boatwright sold 1,805 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $740.22, for a total value of $1,336,097.10. Following the completion of the transaction, the insider now owns 8,869 shares of the company’s stock, valued at approximately $6,565,011.18. The disclosure for this sale can be found here. Insiders have sold 91,081 shares of company stock valued at $66,273,971 in the last 90 days. Company insiders own 2.21% of the company’s stock.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-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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