Aspen Capital Management LLC Purchases New Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Aspen Capital Management LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,850 shares of the restaurant operator's stock, valued at approximately $294,000.

A number of other large investors also recently bought and sold shares of the company. AustralianSuper Pty Ltd bought a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $4,714,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Chipotle Mexican Grill by 7.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 227,196 shares of the restaurant operator's stock worth $11,408,000 after purchasing an additional 16,726 shares during the last quarter. Csenge Advisory Group lifted its holdings in shares of Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after purchasing an additional 220 shares during the last quarter. Outfitter Financial LLC lifted its holdings in shares of Chipotle Mexican Grill by 45.9% in the 1st quarter. Outfitter Financial LLC now owns 14,550 shares of the restaurant operator's stock worth $731,000 after purchasing an additional 4,575 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. lifted its holdings in shares of Chipotle Mexican Grill by 1.5% in the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 29,208 shares of the restaurant operator's stock worth $1,467,000 after purchasing an additional 433 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.6%

Shares of CMG opened at $53.88 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The firm has a market capitalization of $72.60 billion, a price-to-earnings ratio of 47.68, a P/E/G ratio of 2.66 and a beta of 1.08. The stock's 50-day moving average price is $52.90 and its 200 day moving average price is $52.89.

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, 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 company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company posted $13.37 EPS. The company's revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

CMG has been the topic of several recent research reports. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Robert W. Baird raised their target price on Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their target price on 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. Truist Financial raised their target price on Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.72.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company'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 transaction, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.

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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