Deltec Asset Management LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Deltec Asset Management LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 21.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,500 shares of the restaurant operator's stock after purchasing an additional 15,000 shares during the quarter. Chipotle Mexican Grill accounts for 0.9% of Deltec Asset Management LLC's holdings, making the stock its 29th largest holding. Deltec Asset Management LLC's holdings in Chipotle Mexican Grill were worth $4,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $31,000. ORG Wealth Partners LLC purchased a new stake in Chipotle Mexican Grill in the first quarter valued at $31,000. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $38,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 625 shares during the period. Finally, Global Financial Private Client LLC raised its position in Chipotle Mexican Grill by 136.2% in the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

CMG has been the topic of a number of research analyst reports. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Stephens restated an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Royal Bank Of Canada cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. UBS Group cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.79.

Chipotle Mexican Grill Price Performance

CMG opened at $52.81 on Friday. The business has a fifty day moving average price of $50.63 and a 200 day moving average price of $54.01. The stock has a market capitalization of $71.15 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 2.57 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.88 billion during 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $13.37 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other 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 completion of the transaction, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.

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