Financial Counselors Inc. Increases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Financial Counselors Inc. raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 216,841 shares of the restaurant operator's stock after acquiring an additional 9,282 shares during the quarter. Financial Counselors Inc.'s holdings in Chipotle Mexican Grill were worth $10,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alliancebernstein L.P. grew its position in Chipotle Mexican Grill by 29.5% in the fourth 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after acquiring an additional 166,767 shares during the period. Norges Bank purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp lifted its holdings in Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after buying an additional 1,438,860 shares during the period. Institutional investors own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Citigroup increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company reduced their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. KeyCorp cut their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Chipotle Mexican Grill Stock Down 0.7%

CMG traded down $0.41 during trading on Friday, reaching $56.00. The company's stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,680,253. The firm has a fifty day simple moving average of $52.58 and a two-hundred day simple moving average of $53.18. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The company has a market cap of $75.45 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 2.79 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $13.37 EPS. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred on 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 sale, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.81% of the company's stock.

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.