8,792 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by D.B. Root & Company LLC

Key Points

• D.B. Root & Company LLC has acquired a new stake in Chipotle Mexican Grill, purchasing 8,792 shares valued at approximately $441,000 in the first quarter.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle stock, resulting in a 50.91% decrease in his position, following a transaction worth about $5.66 million.
• Several analysts have revised their price targets for Chipotle shares, with an average target of $60.22, indicating a consensus rating of "Moderate Buy".

D.B. Root & Company LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,792 shares of the restaurant operator's stock, valued at approximately $441,000.

Several other hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Csenge Advisory Group increased its position in Chipotle Mexican Grill by 5.0% during the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after acquiring an additional 220 shares during the period. Money Concepts Capital Corp increased its position in Chipotle Mexican Grill by 3.0% during the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after acquiring an additional 221 shares during the period. Northwest Bank & Trust Co increased its position in Chipotle Mexican Grill by 0.5% during the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares during the period. Finally, Covestor Ltd increased its position in Chipotle Mexican Grill by 5.3% during the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after acquiring an additional 242 shares during the period. Institutional investors and hedge funds own 91.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. TD Cowen lowered their price target on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Guggenheim lowered their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Finally, Raymond James Financial lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $60.22.

Chipotle Mexican Grill Price Performance

Shares of CMG traded up $0.67 during trading hours on Friday, hitting $43.58. The stock had a trading volume of 10,899,653 shares, compared to its average volume of 20,471,252. The company's fifty day moving average is $49.60 and its two-hundred day moving average is $50.58. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74. The stock has a market capitalization of $58.44 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 2.22 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related 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 owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.81% of the company's stock.

About Chipotle Mexican Grill

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.