66,070 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 66,070 shares of the restaurant operator's stock, valued at approximately $3,317,000.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $315,220,000. Vinva Investment Management Ltd increased its holdings in Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after purchasing an additional 21,864 shares during the period. Community Trust & Investment Co. purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $7,773,000. K.J. Harrison & Partners Inc increased its holdings in Chipotle Mexican Grill by 46.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator's stock valued at $3,009,000 after purchasing an additional 16,000 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $488,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CMG shares. Citigroup reduced their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.79.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction that occurred on 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 now owns 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Up 1.7%

NYSE:CMG opened at $54.70 on Wednesday. The company's 50 day moving average price is $50.83 and its 200-day moving average price is $53.79. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The stock has a market cap of $73.70 billion, a price-to-earnings ratio of 48.41, a PEG ratio of 2.67 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.98 billion. During the same period last year, the business posted $13.37 EPS. The company's revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.

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