Calamos Wealth Management LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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

A number of other large investors also recently bought and sold shares of CMG. HighMark Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares in the last quarter. North Capital Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth $30,000. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $31,000. ORG Wealth Partners LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Transactions at Chipotle Mexican Grill

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 transaction of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.81% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $1.59 during trading on Monday, reaching $55.48. The company's stock had a trading volume of 14,067,637 shares, compared to its average volume of 12,864,306. The company has a market capitalization of $74.75 billion, a price-to-earnings ratio of 49.10, a P/E/G ratio of 2.83 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74. The stock's 50-day moving average price is $52.07 and its 200 day moving average price is $53.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business 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%. The company's revenue 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, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on CMG shares. Redburn Atlantic started coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price objective for the company. KeyCorp reduced their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Evercore ISI decreased their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.