EULAV Asset Management Buys 19,994 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

EULAV Asset Management lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the restaurant operator's stock after purchasing an additional 19,994 shares during the period. EULAV Asset Management's holdings in Chipotle Mexican Grill were worth $10,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC increased its stake in Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after acquiring an additional 176 shares during the period. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Money Concepts Capital Corp increased its stake in Chipotle Mexican Grill by 3.0% during the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after acquiring an additional 221 shares during the period. SlateStone Wealth LLC increased its stake in Chipotle Mexican Grill by 3.4% during the 4th quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock worth $434,000 after acquiring an additional 235 shares during the period. Finally, Northwest Bank & Trust Co increased its stake in Chipotle Mexican Grill by 0.5% during the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares during the period. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 1.0%

Chipotle Mexican Grill stock traded up $0.55 during midday trading on Wednesday, reaching $56.00. The stock had a trading volume of 8,638,628 shares, compared to its average volume of 12,740,260. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The company has a market capitalization of $75.45 billion, a P/E ratio of 49.56, a PEG ratio of 2.75 and a beta of 1.08. The company has a fifty day moving average price of $52.37 and a two-hundred day moving average price of $53.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.98 billion. During the same period in the previous year, the company posted $13.37 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CMG. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Royal Bank Of Canada reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Redburn Atlantic began coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Finally, Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $61.04.

Insider Buying and Selling

In related 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 completion of the sale, 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 filing with the SEC, which is available at the SEC website. 0.81% of the stock is owned by insiders.

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.