Foster Victor Wealth Advisors LLC Buys 16,351 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Foster Victor Wealth Advisors LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,704 shares of the restaurant operator's stock after purchasing an additional 16,351 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Chipotle Mexican Grill were worth $6,902,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the fourth quarter valued at about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Chipotle Mexican Grill by 4,138,574.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded up $0.45 during midday trading on Wednesday, hitting $51.83. 8,320,595 shares of the company traded hands, compared to its average volume of 13,346,383. The stock has a market cap of $69.83 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.61 and a beta of 1.06. The firm has a 50 day moving average of $50.52 and a 200-day moving average of $54.14. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results 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 return on equity of 43.29% and a net margin of 13.59%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $13.37 earnings per share. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of a number of research reports. Stephens reissued an "equal weight" rating and issued a $49.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Loop Capital cut their price objective 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. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Evercore ISI lowered their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $61.37.

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.