Clean Yield Group Has $3.61 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Clean Yield Group raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,820 shares of the restaurant operator's stock after buying an additional 9,338 shares during the quarter. Chipotle Mexican Grill accounts for about 1.2% of Clean Yield Group's investment portfolio, making the stock its 29th largest position. Clean Yield Group's holdings in Chipotle Mexican Grill were worth $3,606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after acquiring an additional 8,318,534 shares during the period. Alliancebernstein L.P. lifted its position in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on CMG. Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Piper Sandler cut their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. UBS Group cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Loop Capital cut their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.60.

Chipotle Mexican Grill Stock Performance

CMG opened at $52.57 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The firm has a market capitalization of $70.83 billion, a PE ratio of 47.35, a PEG ratio of 2.04 and a beta of 1.06. The business's 50-day simple moving average is $50.12 and its 200 day simple moving average is $54.65.

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, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company posted $13.37 earnings per share. Chipotle Mexican Grill's revenue was up 6.4% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.