Hudson Valley Investment Advisors Inc. ADV Buys 21,517 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 173,114 shares of the restaurant operator’s stock after acquiring an additional 21,517 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Chipotle Mexican Grill were worth $8,692,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Chipotle Mexican Grill by 312.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 625 shares during the last quarter. Global Financial Private Client LLC raised its stake in Chipotle Mexican Grill by 136.2% during the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 500 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $45,000. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CMG. Citigroup cut their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research report on Friday, April 25th. Barclays cut their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, KeyCorp cut their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.60.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $52.57 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market capitalization of $70.83 billion, a P/E ratio of 47.35, a P/E/G ratio of 2.04 and a beta of 1.06. The company has a fifty day moving average of $50.12 and a 200 day moving average of $54.68.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $13.37 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider now directly owns 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.81% of the stock is owned by corporate insiders.

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.