Rhumbline Advisers Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rhumbline Advisers lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,610,292 shares of the restaurant operator's stock after buying an additional 40,586 shares during the period. Rhumbline Advisers owned approximately 0.19% of Chipotle Mexican Grill worth $131,063,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CMG. Tortoise Investment Management LLC lifted its position in shares of 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 valued at $87,000 after acquiring an additional 176 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of 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 valued at $290,000 after acquiring an additional 214 shares during the period. Confluence Wealth Services Inc. lifted its position in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after acquiring an additional 218 shares during the period. Schechter Investment Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 1.2% during the 4th quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator's stock valued at $1,127,000 after acquiring an additional 220 shares during the period. Finally, Alexander Labrunerie & CO. Inc. lifted its position in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. Alexander Labrunerie & CO. Inc. now owns 28,775 shares of the restaurant operator's stock valued at $1,735,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.8%

Shares of CMG traded up $0.42 during trading hours on Thursday, hitting $52.58. The company had a trading volume of 19,099,985 shares, compared to its average volume of 13,495,210. The business has a fifty day moving average of $50.11 and a 200-day moving average of $54.73. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The firm has a market cap of $70.84 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued 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 business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $13.37 EPS. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the 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 sale, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents 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. Company insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CMG shares. Stephens reaffirmed an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Finally, Citigroup lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Nine research 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.60.

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.