Calamos Wealth Management LLC Acquires 243,220 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Calamos Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1,249.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,690 shares of the restaurant operator's stock after buying an additional 243,220 shares during the quarter. Calamos Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $13,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Geode Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares during the period. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after buying an additional 166,767 shares during the period. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp boosted its position in shares of Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after buying an additional 1,438,860 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $0.39 during mid-day trading on Friday, hitting $57.16. The 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 company'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 released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $13.37 earnings per share. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 value of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Securities reiterated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Loop Capital reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays upped their price objective on shares of Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday. Nine investment 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's stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.93.

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.