4,823 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,823 shares of the restaurant operator's stock, valued at approximately $242,000.

Several other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the period. American Century Companies Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after purchasing an additional 166,767 shares during the period. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp boosted its holdings in shares of Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after purchasing an additional 1,438,860 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on 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. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.02% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. UBS Group decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Robert W. Baird raised their price target on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Nine 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.93.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.39 on Friday, reaching $57.16. The stock had a trading volume of 10,384,051 shares, compared to its average volume of 12,859,475. The business's 50-day moving average price is $52.07 and its two-hundred day moving average price is $53.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The stock has a market cap of $77.01 billion, a P/E ratio of 50.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the previous year, the company earned $13.37 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.