Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Horizon Investments LLC

Horizon Investments LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 21,990 shares of the restaurant operator’s stock after acquiring an additional 1,180 shares during the period. Horizon Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,104,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after acquiring an additional 491,002 shares during the last quarter. Banco Santander S.A. raised its holdings in Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after acquiring an additional 10,246 shares during the last quarter. Community Trust & Investment Co. purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $7,773,000. LPL Financial LLC grew its stake in shares of Chipotle Mexican Grill by 4.3% during the 1st quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator’s stock valued at $64,086,000 after buying an additional 52,937 shares during the period. Finally, Jefferies Financial Group Inc. grew its stake in shares of Chipotle Mexican Grill by 525.5% during the 1st quarter. Jefferies Financial Group Inc. now owns 102,236 shares of the restaurant operator’s stock valued at $5,133,000 after buying an additional 85,892 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $44.04 on Friday. The firm has a 50-day moving average of $50.37 and a two-hundred day moving average of $51.10. The stock has a market cap of $59.05 billion, a P/E ratio of 39.32, a PEG ratio of 2.24 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 1-year low of $41.18 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the 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 transaction, the insider owned 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Royal Bank Of Canada lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Raymond James Financial lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday. Argus cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Eight 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.22.

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.