Banco Bilbao Vizcaya Argentaria S.A. Purchases 31,090 Shares of Chipotle Mexican Grill, Inc. $CMG

Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 327,303 shares of the restaurant operator’s stock after acquiring an additional 31,090 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Chipotle Mexican Grill were worth $18,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after purchasing an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. boosted its position in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after buying an additional 2,404,798 shares during the period. Geode Capital Management LLC grew its holdings in Chipotle Mexican Grill by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock worth $1,657,193,000 after acquiring an additional 325,926 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Chipotle Mexican Grill by 2.1% during the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after acquiring an additional 425,648 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $31.55 on Friday. The company has a market capitalization of $41.71 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.65 and a beta of 0.98. The business’s 50-day moving average is $38.17 and its 200-day moving average is $45.44. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMG. Stephens cut their price target on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Stifel Nicolaus lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, September 9th. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, September 3rd. Evercore ISI decreased their price target on Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill 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.