Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 21.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,158 shares of the restaurant operator's stock after acquiring an additional 6,340 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Chipotle Mexican Grill were worth $1,816,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMG. Vinva Investment Management Ltd boosted its position in Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after purchasing an additional 21,864 shares in the last quarter. Community Trust & Investment Co. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $7,773,000. Headlands Technologies LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $488,000. Valicenti Advisory Services Inc. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $3,317,000. Finally, Interval Partners LP acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $51,811,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target on the stock. Stephens reiterated an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a report on Monday, June 9th. UBS Group cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Nine 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.93.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $55.48 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The firm has a market cap of $74.75 billion, a P/E ratio of 49.10, a PEG ratio of 2.83 and a beta of 1.08. The stock has a fifty day moving average price of $52.16 and a two-hundred day moving average price of $53.23.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its 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. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter last year, the business posted $13.37 earnings per share. The company's quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's 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 completion of the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.