Cypress Wealth Services LLC Invests $269,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cypress Wealth Services LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,365 shares of the restaurant operator's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at $32,742,000. Revolve Wealth Partners LLC raised its stake in 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 purchasing an additional 214 shares during the last quarter. Trust Point Inc. raised its stake in Chipotle Mexican Grill by 22.1% during the 4th quarter. Trust Point Inc. now owns 7,087 shares of the restaurant operator's stock valued at $427,000 after purchasing an additional 1,283 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Chipotle Mexican Grill by 1.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 419,771 shares of the restaurant operator's stock valued at $25,298,000 after purchasing an additional 4,377 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its stake in 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 purchasing an additional 218 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.8%

Shares of NYSE:CMG opened at $52.58 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company's 50-day moving average price is $50.11 and its two-hundred day moving average price is $54.73. The firm has a market cap of $70.84 billion, a P/E ratio of 47.36, a P/E/G 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 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm 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 firm earned $13.37 EPS. The company's revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CMG shares. UBS Group cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Royal Bank of Canada cut 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 note on Thursday, April 24th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Nine 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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