26,503 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS acquired 26,503 shares of Chipotle Mexican Grill, valued at approximately $1.33 million, in the 1st quarter of the year.
• Analysts have recently lowered their target prices for Chipotle, with ratings ranging from "overweight" to "buy," and a consensus price target set at $61.10.
• Chipotle's stock has fallen 13.3%, opening at $45.74, with a market cap of $61.62 billion.

Caliber Wealth Management LLC KS bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,503 shares of the restaurant operator's stock, valued at approximately $1,331,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its position in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC lifted its position in Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares in the last quarter. Norges Bank purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $1,093,345,000. Northern Trust Corp lifted its position in Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after buying an additional 1,438,860 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Chipotle Mexican Grill by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after acquiring an additional 2,006,338 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Melius assumed coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target on the stock. Guggenheim dropped their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday. Royal Bank Of Canada dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Stephens reaffirmed an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.71.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded up $1.01 during trading hours on Friday, hitting $46.75. The company's stock had a trading volume of 33,787,342 shares, compared to its average volume of 15,530,194. The stock has a fifty day simple moving average of $52.75 and a 200-day simple moving average of $52.58. The company has a market capitalization of $62.98 billion, a P/E ratio of 41.74, a PEG ratio of 2.35 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm posted $0.34 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.