Lecap Asset Management Ltd. Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lecap Asset Management Ltd. grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 40.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,763 shares of the restaurant operator's stock after acquiring an additional 4,806 shares during the period. Lecap Asset Management Ltd.'s holdings in Chipotle Mexican Grill were worth $842,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $38,000. Mascagni Wealth Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 625 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.7%

NYSE CMG traded up $0.40 during trading hours on Friday, reaching $54.67. 2,566,985 shares of the company were exchanged, compared to its average volume of 12,915,240. The stock has a market capitalization of $73.66 billion, a P/E ratio of 48.40, a P/E/G ratio of 2.73 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The business's 50 day simple moving average is $51.10 and its 200-day simple moving average is $53.73.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly 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 firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the firm earned $13.37 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider now owns 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 legal filing with the SEC, which is available through this link. Company insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. UBS Group dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Redburn Atlantic began coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Finally, Barclays upped their target price on Chipotle Mexican Grill from $52.00 to $54.00 and gave the company an "equal weight" rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

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.