GAMMA Investing LLC Purchases 1,182,961 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

GAMMA Investing LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4,099.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,211,818 shares of the restaurant operator's stock after purchasing an additional 1,182,961 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of Chipotle Mexican Grill worth $60,845,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $32,742,000. Revolve Wealth Partners LLC grew its stake in shares of 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. OLD National Bancorp IN acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $215,000. Chicago Partners Investment Group LLC raised its position in Chipotle Mexican Grill by 29.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 15,797 shares of the restaurant operator's stock worth $915,000 after purchasing an additional 3,579 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its holdings in Chipotle Mexican Grill by 151.7% during the 4th quarter. Independence Bank of Kentucky now owns 4,065 shares of the restaurant operator's stock worth $245,000 after buying an additional 2,450 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CMG. Loop Capital decreased their price target on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Evercore ISI lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.60.

Chipotle Mexican Grill Trading Up 0.8%

Shares of CMG traded up $0.42 during midday trading on Thursday, reaching $52.58. The stock had a trading volume of 18,147,990 shares, compared to its average volume of 13,488,072. The firm has a market cap of $70.84 billion, a PE ratio of 47.36, a P/E/G ratio of 2.04 and a beta of 1.06. The firm has a 50 day simple moving average of $50.06 and a 200-day simple moving average of $54.77. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly 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. 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 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $13.37 earnings per share. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider now directly owns 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Company 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.