Wedmont Private Capital Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wedmont Private Capital raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,471 shares of the restaurant operator’s stock after purchasing an additional 1,536 shares during the quarter. Wedmont Private Capital’s holdings in Chipotle Mexican Grill were worth $1,466,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CMG. Tortoise Investment Management LLC increased its position in Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after purchasing an additional 176 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the period. Schechter Investment Advisors LLC increased its position in shares of Chipotle Mexican Grill by 1.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator’s stock worth $1,127,000 after acquiring an additional 220 shares in the last quarter. 17 Capital Partners LLC raised its stake in shares of Chipotle Mexican Grill by 1.6% in the 4th quarter. 17 Capital Partners LLC now owns 14,467 shares of the restaurant operator’s stock valued at $872,000 after acquiring an additional 225 shares during the period. Finally, Aljian Capital Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Aljian Capital Management LLC now owns 12,285 shares of the restaurant operator’s stock valued at $741,000 after acquiring an additional 225 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on CMG shares. Morgan Stanley lowered their price target 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. Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Barclays dropped their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. Finally, Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $61.60.

Chipotle Mexican Grill Trading Down 0.1%

Shares of CMG opened at $52.57 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The firm has a market cap of $70.83 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 2.04 and a beta of 1.06. The stock has a 50 day moving average of $50.12 and a 200-day moving average of $54.62.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $13.37 earnings per share. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm’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 sale, the insider now owns 109,815 shares of the company’s stock, 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 this hyperlink. Company insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Company 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.