Florida Financial Advisors LLC Buys New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Florida Financial Advisors LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,212 shares of the restaurant operator’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vinva Investment Management Ltd raised its holdings in shares of Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after acquiring an additional 21,864 shares in the last quarter. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill in the first quarter worth $7,773,000. Headlands Technologies LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $488,000. Valicenti Advisory Services Inc. purchased a new stake in Chipotle Mexican Grill in the first quarter worth $3,317,000. Finally, Interval Partners LP purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $51,811,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMG shares. TD Securities reaffirmed a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Stephens reaffirmed an “equal weight” rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, June 9th. Piper Sandler reduced 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. Argus cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, Melius started coverage on Chipotle Mexican Grill in a research note on Monday. They issued a “hold” rating and a $60.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $61.28.

Chipotle Mexican Grill Trading Down 1.5%

NYSE CMG opened at $53.99 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The stock has a market cap of $72.75 billion, a P/E ratio of 47.78, a P/E/G ratio of 2.72 and a beta of 1.08. The stock’s fifty day moving average price is $52.75 and its 200-day moving average price is $53.03.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $13.37 earnings per share. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares of the company’s stock, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by insiders.

About Chipotle Mexican Grill

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.