Brown Advisory Inc. Has $460.01 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brown Advisory Inc. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,161,761 shares of the restaurant operator's stock after purchasing an additional 500,676 shares during the quarter. Brown Advisory Inc. owned approximately 0.68% of Chipotle Mexican Grill worth $460,012,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $25,000. HighMark Wealth Management LLC boosted its position in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the first quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $38,000. Institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler cut their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. UBS Group lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Loop Capital dropped 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. Finally, KeyCorp reduced their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Nine 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's stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Insider Buying and Selling at Chipotle Mexican Grill

In related 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 value of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade 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 link. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Down 0.7%

Shares of CMG traded down $0.41 during trading hours on Friday, hitting $56.00. 8,282,822 shares of the company were exchanged, compared to its average volume of 12,680,253. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The company has a market cap of $75.45 billion, a price-to-earnings ratio of 49.56, a P/E/G ratio of 2.79 and a beta of 1.08. The firm's fifty day moving average is $52.58 and its 200 day moving average is $53.18.

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