Fulton Breakefield Broenniman LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fulton Breakefield Broenniman LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2,149.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,441 shares of the restaurant operator's stock after purchasing an additional 138,021 shares during the period. Fulton Breakefield Broenniman LLC's holdings in Chipotle Mexican Grill were worth $7,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vinva Investment Management Ltd raised its stake in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after acquiring an additional 21,864 shares during the period. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill during the first quarter valued at about $7,773,000. Headlands Technologies LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $488,000. Valicenti Advisory Services Inc. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $3,317,000. Finally, Interval Partners LP purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $51,811,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $0.41 during trading hours on Friday, hitting $56.00. The stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,674,862. The stock's 50-day moving average price is $52.58 and its two-hundred day moving average price is $53.12. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $66.74. The stock has a market capitalization of $75.45 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 2.77 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for 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 company's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $13.37 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMG shares. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Stephens reaffirmed an "equal weight" rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Loop Capital reduced their price objective on 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. Citigroup increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average price target of $61.25.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.