Kestra Private Wealth Services LLC Increases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kestra Private Wealth Services LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 227,196 shares of the restaurant operator's stock after purchasing an additional 16,726 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Chipotle Mexican Grill were worth $11,408,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Chipotle Mexican Grill by 22.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after purchasing an additional 279,267 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 100.5% during the fourth quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock worth $422,000 after purchasing an additional 3,507 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Chipotle Mexican Grill by 21.5% during the fourth quarter. Advisors Asset Management Inc. now owns 56,910 shares of the restaurant operator's stock worth $3,432,000 after acquiring an additional 10,056 shares during the last quarter. Finally, HUB Investment Partners LLC increased its position in shares of Chipotle Mexican Grill by 65.0% during the fourth quarter. HUB Investment Partners LLC now owns 39,759 shares of the restaurant operator's stock worth $2,397,000 after acquiring an additional 15,665 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.02% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMG. JPMorgan Chase & Co. lowered 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. Morgan Stanley lowered their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Citigroup lifted 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, July 10th. Finally, Evercore ISI decreased their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average price target of $61.72.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $1.15 during mid-day trading on Monday, hitting $52.78. 9,042,156 shares of the company traded hands, compared to its average volume of 12,514,214. The stock has a 50-day moving average price of $52.90 and a two-hundred day moving average price of $52.84. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The stock has a market cap of $71.12 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 2.66 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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 business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $13.37 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.