Bessemer Group Inc. Has $3.08 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bessemer Group Inc. reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 98.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,296 shares of the restaurant operator's stock after selling 3,768,669 shares during the quarter. Bessemer Group Inc.'s holdings in Chipotle Mexican Grill were worth $3,078,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth $31,000. ORG Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $38,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after buying an additional 625 shares during the last quarter. Finally, Global Financial Private Client LLC grew its stake in Chipotle Mexican Grill by 136.2% in the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock valued at $44,000 after buying an additional 500 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citigroup decreased their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays increased their price objective on Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Thursday. Ten 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 stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.77 during trading on Friday, reaching $55.04. 14,968,245 shares of the company's stock were exchanged, compared to its average volume of 12,865,989. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74. The company has a market cap of $74.15 billion, a P/E ratio of 48.70, a PEG ratio of 2.73 and a beta of 1.06. The firm's 50-day moving average price is $51.23 and its 200 day moving average price is $53.58.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results 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 firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.37 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on 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 sale, the insider now owns 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

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.