Artemis Investment Management LLP Buys Shares of 613,502 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Artemis Investment Management LLP acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 613,502 shares of the restaurant operator's stock, valued at approximately $30,804,000.

A number of other institutional investors also recently bought and sold shares of CMG. Tortoise Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after purchasing an additional 176 shares in the last quarter. 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 valued at $290,000 after buying an additional 214 shares during the last quarter. Schechter Investment Advisors LLC grew its holdings in Chipotle Mexican Grill by 1.2% during the 4th quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator's stock valued at $1,127,000 after buying an additional 220 shares in the last quarter. Mainstream Capital Management LLC increased its stake in Chipotle Mexican Grill by 0.9% in the 4th quarter. Mainstream Capital Management LLC now owns 27,034 shares of the restaurant operator's stock worth $1,630,000 after acquiring an additional 231 shares during the last quarter. Finally, SlateStone Wealth LLC boosted its position in shares of Chipotle Mexican Grill by 3.4% during the 4th quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock valued at $434,000 after acquiring an additional 235 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CMG shares. Truist Financial dropped their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup dropped 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. Piper Sandler decreased their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Royal Bank Of Canada cut their price target on shares of 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 investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Insider Activity

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was 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 owns 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Down 1.6%

Shares of NYSE CMG opened at $54.25 on Friday. The stock has a market cap of $73.09 billion, a PE ratio of 48.01, a P/E/G ratio of 2.73 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The company has a 50-day moving average of $51.10 and a 200 day moving average of $53.73.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly 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. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $13.37 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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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