Fox Run Management L.L.C. Invests $578,000 in Chipotle Mexican Grill, Inc. $CMG

Fox Run Management L.L.C. acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,505 shares of the restaurant operator's stock, valued at approximately $578,000.

Several other institutional investors have also added to or reduced their stakes in the business. Revolve Wealth Partners LLC lifted its holdings 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 valued at $290,000 after purchasing an additional 214 shares during the last quarter. Csenge Advisory Group increased its position in shares of Chipotle Mexican Grill by 5.0% during the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares during the period. Money Concepts Capital Corp increased its position in shares of 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 valued at $376,000 after buying an additional 221 shares during the period. Northwest Bank & Trust Co increased its position in shares of 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 valued at $2,788,000 after buying an additional 236 shares during the period. Finally, Covestor Ltd increased its position in shares of Chipotle Mexican Grill by 5.3% during the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock valued at $240,000 after buying an additional 242 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CMG shares. Raymond James Financial decreased their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Robert W. Baird decreased their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Finally, Evercore ISI decreased their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.22.

Chipotle Mexican Grill Trading Up 0.0%

CMG traded up $0.0050 during trading on Wednesday, reaching $43.2550. The stock had a trading volume of 7,552,896 shares, compared to its average volume of 14,200,635. Chipotle Mexican Grill, Inc. has a one year low of $41.18 and a one year high of $66.74. The stock's 50 day moving average is $50.07 and its two-hundred day moving average is $50.89. The company has a market capitalization of $58.00 billion, a price-to-earnings ratio of 38.63, a P/E/G ratio of 2.21 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the company earned $0.34 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on 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 directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by insiders.

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.