CW Advisors LLC Purchases 91,441 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• CW Advisors LLC increased its holdings in Chipotle Mexican Grill by 29.9%, owning 397,642 shares worth approximately $19.96 million after acquiring an additional 91,441 shares in the 1st quarter.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle's stock at $49.70 per share, resulting in a 50.91% decrease in his ownership stake.
• Chipotle reported a quarterly revenue of $3.06 billion, with a net margin of 13.32% and earnings per share beating expectations at $0.33.

CW Advisors LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 397,642 shares of the restaurant operator's stock after purchasing an additional 91,441 shares during the period. CW Advisors LLC's holdings in Chipotle Mexican Grill were worth $19,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Chipotle Mexican Grill by 5.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 128,351 shares of the restaurant operator's stock valued at $7,741,000 after purchasing an additional 6,279 shares in the last quarter. Alta Advisers Ltd increased its position in shares of Chipotle Mexican Grill by 24.4% during the fourth quarter. Alta Advisers Ltd now owns 4,541 shares of the restaurant operator's stock worth $274,000 after acquiring an additional 891 shares in the last quarter. Finally, MGO One Seven LLC increased its position in shares of Chipotle Mexican Grill by 53.0% during the fourth quarter. MGO One Seven LLC now owns 12,547 shares of the restaurant operator's stock worth $757,000 after acquiring an additional 4,347 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on 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 owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

CMG traded up $0.67 during midday trading on Friday, reaching $43.58. The company had a trading volume of 10,899,653 shares, compared to its average volume of 20,471,252. The stock has a market cap of $58.44 billion, a PE ratio of 38.91, a P/E/G ratio of 2.18 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12-month low of $41.18 and a 12-month high of $66.74. The business has a 50-day moving average price of $49.60 and a two-hundred day moving average price of $50.62.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Guggenheim decreased their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Royal Bank Of Canada decreased their target price on shares of 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. Loop Capital decreased their target price on shares of 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. Finally, Citigroup decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

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.