Perennial Advisors LLC Invests $325,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Perennial Advisors LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 6,467 shares of the restaurant operator’s stock, valued at approximately $325,000.

A number of other hedge funds have also recently bought and sold shares of the business. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $31,000. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at about $38,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock worth $41,000 after buying an additional 625 shares during the last quarter. Global Financial Private Client LLC lifted its position in shares of Chipotle Mexican Grill by 136.2% in the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock worth $44,000 after buying an additional 500 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMG. Morgan Stanley dropped their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Robert W. Baird reduced their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Stephens reissued an “equal weight” rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. Finally, UBS Group decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Nine equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.60.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $52.57 on Friday. The stock has a market cap of $70.83 billion, a PE ratio of 47.35, a P/E/G ratio of 2.04 and a beta of 1.06. The firm has a 50-day simple moving average of $50.12 and a two-hundred day simple moving average of $54.65. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the business posted $13.37 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.