RDA Financial Network Has $1.03 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

RDA Financial Network boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,422 shares of the restaurant operator’s stock after buying an additional 2,876 shares during the quarter. RDA Financial Network’s holdings in Chipotle Mexican Grill were worth $1,025,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $38,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 625 shares during the period. Global Financial Private Client LLC lifted its stake in shares of Chipotle Mexican Grill by 136.2% in the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 500 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In related 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 value of $5,659,587.50. Following the completion of the sale, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research note on Friday, April 25th. Stephens reissued an “equal weight” rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Royal Bank of Canada cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.60.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $52.57 on Friday. The firm has a 50-day moving average of $50.12 and a 200-day moving average of $54.65. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The company has a market cap of $70.83 billion, a price-to-earnings ratio of 47.35, a P/E/G ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.98 billion. During the same period in the prior year, the business posted $13.37 EPS. The company’s quarterly 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 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.