IFM Investors Pty Ltd Purchases 25,303 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

IFM Investors Pty Ltd increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 280,141 shares of the restaurant operator's stock after purchasing an additional 25,303 shares during the period. IFM Investors Pty Ltd's holdings in Chipotle Mexican Grill were worth $14,066,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. HighMark Wealth Management LLC boosted its stake in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares in the last quarter. North Capital Inc. acquired a new stake in Chipotle Mexican Grill in the first quarter valued at about $30,000. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $31,000. ORG Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at about $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $38,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 2.8%

NYSE:CMG traded down $1.60 during mid-day trading on Monday, hitting $55.47. 8,165,833 shares of the company's stock traded hands, compared to its average volume of 12,842,724. The firm has a 50 day moving average of $52.07 and a two-hundred day moving average of $53.27. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The firm has a market capitalization of $74.74 billion, a price-to-earnings ratio of 49.00, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $13.37 EPS. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMG. Evercore ISI dropped their price objective 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. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. UBS Group dropped 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 report on Thursday, April 24th. Finally, Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.93.

Insider Activity

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.81% of the stock is owned by corporate 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.