86,500 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Bought by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 86,500 shares of the restaurant operator's stock, valued at approximately $4,343,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of 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 valued at $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 29.5% during 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 during the period. Voya Investment Management LLC raised its position in Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after purchasing an additional 4,790,464 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Chipotle Mexican Grill by 2,145.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock valued at $191,757,000 after acquiring an additional 3,038,460 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMG. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Royal Bank Of Canada decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Morgan Stanley dropped their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Loop Capital decreased their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $60.93.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $1.59 during trading on Monday, reaching $55.48. The company had a trading volume of 14,067,637 shares, compared to its average volume of 12,864,305. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The stock's fifty day moving average price is $52.07 and its 200 day moving average price is $53.27. The firm has a market capitalization of $74.75 billion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share 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 analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $13.37 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.