EULAV Asset Management Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

EULAV Asset Management grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the restaurant operator's stock after purchasing an additional 19,994 shares during the quarter. EULAV Asset Management's holdings in Chipotle Mexican Grill were worth $10,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth $25,000. HighMark Wealth Management LLC raised its holdings 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 worth $29,000 after buying an additional 371 shares during the last quarter. North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $38,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $1.59 during midday trading on Monday, hitting $55.48. The company's stock had a trading volume of 14,067,637 shares, compared to its average volume of 12,864,305. The business's 50 day simple moving average is $52.07 and its 200 day simple moving average is $53.27. The company has a market cap of $74.75 billion, a P/E ratio of 49.10, a price-to-earnings-growth 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.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $13.37 earnings per share. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CMG. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. TD Securities reiterated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.93.

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.