Landscape Capital Management L.L.C. Acquires 4,636 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Landscape Capital Management L.L.C. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 68.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,410 shares of the restaurant operator’s stock after purchasing an additional 4,636 shares during the quarter. Chipotle Mexican Grill makes up 0.7% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 16th biggest position. Landscape Capital Management L.L.C.’s holdings in Chipotle Mexican Grill were worth $8,362,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CMG. Geode Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 309,980 shares of the restaurant operator’s stock worth $133,605,000 after buying an additional 27,247 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $479,000. Retirement Systems of Alabama raised its holdings in shares of Chipotle Mexican Grill by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 11,334 shares of the restaurant operator’s stock worth $8,051,000 after purchasing an additional 51 shares during the period. Wedbush Securities Inc. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $312,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of Chipotle Mexican Grill by 16.4% in the 1st quarter. IFM Investors Pty Ltd now owns 1,743 shares of the restaurant operator’s stock worth $1,238,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

In related news, CFO Jack Hartung sold 1,646 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $810.00, for a total value of $1,333,260.00. Following the completion of the transaction, the chief financial officer now directly owns 40,237 shares in the company, valued at $32,591,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Albert S. Baldocchi sold 1,164 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $775.00, for a total transaction of $902,100.00. Following the completion of the transaction, the director now owns 72,756 shares of the company’s stock, valued at $56,385,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,802 shares of company stock worth $119,632,226. Insiders own 2.21% of the company’s stock.



CMG has been the topic of a number of research reports. Goldman Sachs Group initiated coverage on shares of Chipotle Mexican Grill in a report on Monday, July 29th. They issued a “buy” rating and a $1,000.00 price target on the stock. KeyCorp lifted their price target on shares of Chipotle Mexican Grill from $780.00 to $860.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Mizuho lifted their price target on shares of Chipotle Mexican Grill from $420.00 to $500.00 and gave the stock an “underperform” rating in a report on Wednesday, July 24th. ValuEngine cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Loop Capital lifted their price target on shares of Chipotle Mexican Grill to $860.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $700.26.

Shares of Chipotle Mexican Grill stock traded down $17.69 during trading on Wednesday, hitting $799.27. The stock had a trading volume of 18,036 shares, compared to its average volume of 612,840. The stock has a market capitalization of $22.67 billion, a price-to-earnings ratio of 88.84, a price-to-earnings-growth ratio of 3.30 and a beta of 0.72. Chipotle Mexican Grill, Inc. has a 12 month low of $383.20 and a 12 month high of $822.88. The company’s 50-day moving average price is $763.91. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.31. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.87 earnings per share. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 13.2 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

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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