Calamos Wealth Management LLC Has $13.19 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Calamos Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 2.2% during the 1st quarter. Calamos Advisors LLC now owns 1,109,304 shares of the restaurant operator's stock worth $55,698,000 after buying an additional 23,444 shares in the last quarter. Sitrin Capital Management LLC raised its holdings in shares of Chipotle Mexican Grill by 0.7% during the 1st quarter. Sitrin Capital Management LLC now owns 75,314 shares of the restaurant operator's stock worth $3,782,000 after buying an additional 502 shares in the last quarter. North Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $30,000. D.A. Davidson & CO. raised its holdings in shares of Chipotle Mexican Grill by 3.8% during the 1st quarter. D.A. Davidson & CO. now owns 97,904 shares of the restaurant operator's stock worth $4,916,000 after buying an additional 3,571 shares in the last quarter. Finally, Mutual Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 20.4% during the 1st quarter. Mutual Advisors LLC now owns 21,142 shares of the restaurant operator's stock worth $1,095,000 after buying an additional 3,576 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CMG shares. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a report on Friday, April 25th. KeyCorp lowered 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. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Piper Sandler reduced 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, UBS Group reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Nine 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.93.

Chipotle Mexican Grill Stock Up 0.7%

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

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $13.37 EPS. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was 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. The trade was a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Company 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.