3Chopt Investment Partners LLC Invests $446,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

3Chopt Investment Partners LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,886 shares of the restaurant operator's stock, valued at approximately $446,000.

Several other hedge funds have also added to or reduced their stakes in CMG. Alliancebernstein L.P. lifted its stake in shares of 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 valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC lifted its position in Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after purchasing an additional 395,053 shares during the last quarter. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after purchasing an additional 166,767 shares during the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $1,093,345,000. Finally, Northern Trust Corp raised its holdings in Chipotle Mexican Grill by 11.1% during the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after buying an additional 1,438,860 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 completion of the sale, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMG shares. Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Evercore ISI lowered their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. KeyCorp decreased their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. Finally, Loop Capital decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average price target of $60.71.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $55.04 on Friday. The firm has a market cap of $74.15 billion, a P/E ratio of 48.70, a P/E/G ratio of 2.73 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The firm has a 50-day simple moving average of $51.23 and a two-hundred day simple moving average of $53.58.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly 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 company had revenue of $2.88 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $13.37 earnings per share. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.

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