Calamos Advisors LLC Purchases 23,444 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Calamos Advisors LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,109,304 shares of the restaurant operator's stock after purchasing an additional 23,444 shares during the quarter. Calamos Advisors LLC owned approximately 0.08% of Chipotle Mexican Grill worth $55,698,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CMG. Tortoise Investment Management LLC increased its stake in Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after purchasing an additional 176 shares during the period. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Money Concepts Capital Corp increased its stake in shares of Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after buying an additional 221 shares during the period. SlateStone Wealth LLC increased its stake in shares of Chipotle Mexican Grill by 3.4% in the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock worth $434,000 after buying an additional 235 shares during the period. Finally, Northwest Bank & Trust Co increased its stake in shares of Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after buying an additional 236 shares during the period. Institutional investors own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMG. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays lifted their price objective on Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada cut their target price on shares of 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. Piper Sandler cut their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped 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. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average price target of $60.93.

Chipotle Mexican Grill Trading Up 0.7%

CMG stock traded up $0.39 during midday trading on Friday, hitting $57.16. The company's stock had a trading volume of 10,384,051 shares, compared to its average volume of 12,859,475. The company has a market cap of $77.01 billion, a PE ratio of 50.58, a P/E/G ratio of 2.83 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The firm's 50-day moving average is $52.07 and its 200-day moving average is $53.33.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its 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. The business had revenue of $2.88 billion for 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%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $13.37 EPS. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of the 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 transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Profile

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.