Alexander Labrunerie & CO. Inc. Purchases 433 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Alexander Labrunerie & CO. Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% during the first quarter, HoldingsChannel.com reports. The fund owned 29,208 shares of the restaurant operator’s stock after acquiring an additional 433 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in Chipotle Mexican Grill were worth $1,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Revolve Wealth Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th 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 last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator’s stock worth $91,571,000 after buying an additional 279,267 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 100.5% during the 4th quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator’s stock valued at $422,000 after purchasing an additional 3,507 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 20.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 22,457 shares of the restaurant operator’s stock valued at $1,354,000 after purchasing an additional 3,888 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 21.5% during the 4th quarter. Advisors Asset Management Inc. now owns 56,910 shares of the restaurant operator’s stock valued at $3,432,000 after purchasing an additional 10,056 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CMG. Barclays increased their target price on shares of Chipotle Mexican Grill from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. TD Securities reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, Royal Bank Of Canada dropped their target price on shares of 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. Nine research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.72.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business’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 sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.3%

Shares of CMG opened at $53.52 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $66.74. The firm’s fifty day moving average is $52.82 and its two-hundred day moving average is $52.98. The stock has a market cap of $72.11 billion, a PE ratio of 47.37, a price-to-earnings-growth ratio of 2.65 and a beta of 1.08.

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