Asset Management One Co. Ltd. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 573,915 shares of the restaurant operator's stock after buying an additional 27,662 shares during the period. Asset Management One Co. Ltd.'s holdings in Chipotle Mexican Grill were worth $28,816,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in Chipotle Mexican Grill during the 1st quarter worth about $31,000. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $38,000. Mascagni Wealth Management Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Chipotle Mexican Grill by 312.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.
Chipotle Mexican Grill Stock Performance
CMG stock traded down $0.89 during trading on Thursday, reaching $54.25. The company had a trading volume of 13,119,295 shares, compared to its average volume of 13,012,687. The firm has a 50-day simple moving average of $50.97 and a 200-day simple moving average of $53.80. The company has a market cap of $73.09 billion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS 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 analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business earned $13.37 EPS. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.
Insider Buying and Selling
In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
CMG has been the topic of several recent research reports. Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Truist Financial reduced their price objective 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. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced 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. Finally, Barclays boosted their price objective on shares of Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average price target of $60.71.
Read Our Latest Stock Report on Chipotle Mexican Grill
About Chipotle Mexican Grill
(
Free Report)
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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