Bridgewater Advisors Inc. Buys New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bridgewater Advisors Inc. purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,798 shares of the restaurant operator's stock, valued at approximately $294,000.

A number of other large investors have also recently bought and sold shares of CMG. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $25,000. HighMark Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $38,000. 91.31% of the stock is currently owned by institutional investors.

Insider Transactions 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Piper Sandler decreased their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Barclays raised their price target on Chipotle Mexican Grill from $54.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday. Raymond James Financial raised their price target on Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday. Finally, BMO Capital Markets upgraded Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the company from $56.00 to $65.00 in a report on Friday. Nine analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.72.

Chipotle Mexican Grill Trading Up 0.6%

Shares of NYSE CMG traded up $0.34 during mid-day trading on Friday, reaching $53.88. 9,454,614 shares of the company's stock were exchanged, compared to its average volume of 12,752,911. The business has a fifty day simple moving average of $52.82 and a 200 day simple moving average of $52.98. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The firm has a market capitalization of $72.60 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 2.65 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm earned $13.37 EPS. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts predict 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.