48,547 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by Allstate Corp

Allstate Corp acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,547 shares of the restaurant operator’s stock, valued at approximately $1,903,000.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at $1,001,668,000. Sustainable Growth Advisers LP bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $597,031,000. BlueSpruce Investments LP boosted its stake in shares of Chipotle Mexican Grill by 24,760.7% during the second quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after purchasing an additional 3,914,921 shares during the period. Marshall Wace LLP boosted its stake in shares of Chipotle Mexican Grill by 2,705.6% during the second quarter. Marshall Wace LLP now owns 2,126,682 shares of the restaurant operator’s stock valued at $119,413,000 after purchasing an additional 2,050,882 shares during the period. Finally, Winslow Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 20.1% in the second quarter. Winslow Capital Management LLC now owns 10,705,985 shares of the restaurant operator’s stock worth $601,141,000 after purchasing an additional 1,794,175 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $38.94 on Wednesday. The company has a market capitalization of $51.49 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. The company’s fifty day moving average price is $35.82 and its 200 day moving average price is $40.05. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $59.57.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI reissued an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Cowen reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 5th. The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Finally, KeyCorp cut their target price on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Chipotle Mexican Grill Company Profile

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.