Lion Street Advisors LLC Invests $250,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lion Street Advisors LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,980 shares of the restaurant operator's stock, valued at approximately $250,000.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $315,220,000. Vinva Investment Management Ltd raised its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares during the period. ING Groep NV raised its holdings in Chipotle Mexican Grill by 203.4% in the 4th quarter. ING Groep NV now owns 524,132 shares of the restaurant operator's stock valued at $31,605,000 after buying an additional 351,382 shares during the period. Community Trust & Investment Co. acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $7,773,000. Finally, K.J. Harrison & Partners Inc boosted its stake in Chipotle Mexican Grill by 46.7% during the fourth quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator's stock worth $3,009,000 after buying an additional 16,000 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on 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 trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research report on Friday, April 25th. Stephens restated an "equal weight" rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective on the stock. Finally, Loop Capital decreased their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Ten 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.79.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $51.83 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $68.91. The firm has a market capitalization of $69.83 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The business's fifty day moving average price is $50.54 and its 200 day moving average price is $54.13.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the prior year, the firm posted $13.37 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.

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