Cerity Partners LLC Buys 53,120 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cerity Partners LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,774 shares of the restaurant operator's stock after purchasing an additional 53,120 shares during the quarter. Cerity Partners LLC's holdings in Chipotle Mexican Grill were worth $32,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC lifted its stake in Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. lifted its stake in Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after acquiring an additional 166,767 shares during the period. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $1,093,345,000. Finally, Northern Trust Corp grew its stake in shares of Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after acquiring an additional 1,438,860 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 2.1%

Shares of NYSE:CMG traded down $1.19 during trading on Monday, reaching $54.81. The company's stock had a trading volume of 12,630,736 shares, compared to its average volume of 12,830,403. 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 simple moving average is $52.58 and its two-hundred day simple moving average is $53.06. The stock has a market capitalization of $73.85 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for 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%. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $13.37 EPS. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated 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 directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of 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. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Evercore ISI dropped their price target on 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. Melius initiated coverage on Chipotle Mexican Grill in a report on Monday. They issued a "hold" rating and a $60.00 price objective for the company. Finally, TD Securities reissued a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.21.

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.