Mutual of America Capital Management LLC Raises Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mutual of America Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,717.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,272 shares of the restaurant operator’s stock after buying an additional 169,675 shares during the period. Mutual of America Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $10,855,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CMG. Gilbert & Cook Inc. raised its stake in shares of Chipotle Mexican Grill by 7.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,028 shares of the restaurant operator’s stock worth $2,351,000 after buying an additional 73 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in shares of Chipotle Mexican Grill by 55.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 341 shares of the restaurant operator’s stock worth $780,000 after buying an additional 121 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in Chipotle Mexican Grill by 20.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 461 shares of the restaurant operator’s stock valued at $1,054,000 after purchasing an additional 79 shares in the last quarter. Wells Fargo & Company MN increased its stake in Chipotle Mexican Grill by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 73,882 shares of the restaurant operator’s stock valued at $168,964,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Chipotle Mexican Grill by 0.8% in the 4th quarter. Clearbridge Investments LLC now owns 3,388 shares of the restaurant operator’s stock valued at $7,748,000 after purchasing an additional 28 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 2.7 %

CMG stock opened at $56.92 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The stock has a market capitalization of $78.17 billion, a price-to-earnings ratio of 60.55, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The stock’s fifty day simple moving average is $54.26 and its 200-day simple moving average is $80.98.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $12.65 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,934 shares of company stock worth $1,918,589. 1.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CMG shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. StockNews.com downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Loop Capital dropped their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Oppenheimer dropped their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.