Brown Advisory Inc. Raises Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brown Advisory Inc. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,161,761 shares of the restaurant operator's stock after buying an additional 500,676 shares during the period. Brown Advisory Inc. owned approximately 0.68% of Chipotle Mexican Grill worth $460,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Gibraltar Capital Management Inc. purchased a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $4,343,000. Capital Management Associates Inc boosted its position in Chipotle Mexican Grill by 106.7% in the first quarter. Capital Management Associates Inc now owns 7,362 shares of the restaurant operator's stock valued at $370,000 after buying an additional 3,801 shares during the last quarter. EULAV Asset Management boosted its position in Chipotle Mexican Grill by 11.1% in the 1st quarter. EULAV Asset Management now owns 200,000 shares of the restaurant operator's stock worth $10,042,000 after purchasing an additional 19,994 shares in the last quarter. Financial Counselors Inc. boosted its position in Chipotle Mexican Grill by 4.5% in the 1st quarter. Financial Counselors Inc. now owns 216,841 shares of the restaurant operator's stock worth $10,888,000 after purchasing an additional 9,282 shares in the last quarter. Finally, YANKCOM Partnership boosted its position in Chipotle Mexican Grill by 10.7% in the 1st quarter. YANKCOM Partnership now owns 3,828 shares of the restaurant operator's stock worth $192,000 after purchasing an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated 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 directly owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $0.55 during trading on Wednesday, hitting $56.00. The company's stock had a trading volume of 8,638,628 shares, compared to its average volume of 12,740,260. The stock has a market capitalization of $75.45 billion, a price-to-earnings ratio of 49.56, a P/E/G ratio of 2.75 and a beta of 1.08. The stock's fifty day moving average is $52.26 and its 200 day moving average is $53.24. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $13.37 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CMG. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their price objective 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. Morgan Stanley lowered 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. Truist Financial upped their price objective on Chipotle Mexican Grill from $63.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, TD Securities reiterated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.04.

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.