Assenagon Asset Management S.A. Purchases 292,774 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Assenagon Asset Management S.A. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,965,649 shares of the restaurant operator's stock after purchasing an additional 292,774 shares during the period. Assenagon Asset Management S.A. owned approximately 0.29% of Chipotle Mexican Grill worth $199,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 625 shares during the period. Global Financial Private Client LLC raised its holdings in shares of Chipotle Mexican Grill by 136.2% in the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 500 shares during the period. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insider Activity

In related 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 value of $5,659,587.50. Following the completion of the transaction, the insider now directly owns 109,815 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this link. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Loop Capital lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.37.

Chipotle Mexican Grill Stock Down 1.3%

NYSE:CMG traded down $0.65 during midday trading on Friday, hitting $50.24. The company had a trading volume of 9,303,828 shares, compared to its average volume of 13,401,517. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The stock's fifty day moving average price is $50.38 and its 200-day moving average price is $54.33. The company has a market capitalization of $67.70 billion, a PE ratio of 45.26, a P/E/G ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business posted $13.37 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. As a group, research analysts forecast 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.