Hudson Valley Investment Advisors Inc. ADV Boosts Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,114 shares of the restaurant operator's stock after buying an additional 21,517 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in Chipotle Mexican Grill were worth $8,692,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $38,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Chipotle Mexican Grill by 312.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 625 shares during the last quarter. Global Financial Private Client LLC raised its stake in shares of Chipotle Mexican Grill by 136.2% during the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock valued at $44,000 after acquiring an additional 500 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $45,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company'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 transaction, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $52.57 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a 50 day simple moving average of $50.12 and a two-hundred day simple moving average of $54.68. The company has a market capitalization of $70.83 billion, a price-to-earnings ratio of 47.35, a P/E/G ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results 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. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $13.37 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Loop Capital lowered 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 note on Thursday, April 24th. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Finally, UBS Group lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.60.

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.

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