Blair William & Co. IL Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Blair William & Co. IL increased its stake in Chipotle Mexican Grill by 1.8% in the first quarter, now owning 2,446,596 shares valued at approximately $122.8 million.
• Multiple institutional investors made significant adjustments to their positions in Chipotle, with Scotia Capital Inc. increasing its stake by 89.4% during the same period.
• Chipotle Mexican Grill's stock has seen analysts adjust their price targets, with Wells Fargo & Company lowering their price objective from $65 to $60 while maintaining an "overweight" rating.

Blair William & Co. IL increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,446,596 shares of the restaurant operator's stock after acquiring an additional 42,937 shares during the period. Blair William & Co. IL owned approximately 0.18% of Chipotle Mexican Grill worth $122,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $25,000. HighMark Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares during the period. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the 1st quarter worth about $30,000. ORG Wealth Partners LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $31,000. Finally, Mechanics Financial Corp acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Down 0.8%

NYSE:CMG traded down $0.35 during trading hours on Friday, reaching $42.53. 19,080,870 shares of the company's stock were exchanged, compared to its average volume of 20,091,236. Chipotle Mexican Grill, Inc. has a 1-year low of $42.46 and a 1-year high of $66.74. The firm has a market capitalization of $57.03 billion, a price-to-earnings ratio of 37.97, a P/E/G ratio of 2.16 and a beta of 1.05. The company has a 50-day moving average of $52.00 and a 200 day moving average of $52.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on CMG shares. Evercore ISI cut their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Melius began coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target for the company. Morgan Stanley cut their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $60.71.

Insider Buying and Selling

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on 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 sale, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock.

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.