9,183 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,183 shares of the restaurant operator's stock, valued at approximately $461,000. Chipotle Mexican Grill comprises 0.3% of Lake Hills Wealth Management LLC's investment portfolio, making the stock its 26th largest position.

Several other large investors also recently bought and sold shares of CMG. Union Bancaire Privee UBP SA purchased a new position in Chipotle Mexican Grill during the fourth quarter worth $32,742,000. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares during the period. Trilogy Capital Inc. boosted its stake in Chipotle Mexican Grill by 21.6% during the fourth quarter. Trilogy Capital Inc. now owns 33,235 shares of the restaurant operator's stock worth $2,004,000 after buying an additional 5,904 shares during the period. Bleakley Financial Group LLC boosted its stake in Chipotle Mexican Grill by 3.7% during the fourth quarter. Bleakley Financial Group LLC now owns 42,503 shares of the restaurant operator's stock worth $2,563,000 after buying an additional 1,532 shares during the period. Finally, YANKCOM Partnership purchased a new position in Chipotle Mexican Grill during the fourth quarter worth $209,000. Institutional investors own 91.31% of the company's stock.

Analysts Set New Price Targets

CMG has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. TD Securities dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, UBS Group dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Nine research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.60.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $52.57 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The company has a 50-day moving average of $50.12 and a 200 day moving average of $54.68. The firm has a market cap of $70.83 billion, a PE ratio of 47.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released 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. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $13.37 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.