Manning & Napier Advisors LLC Purchases Shares of 2,547,149 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Manning & Napier Advisors LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 2,547,149 shares of the restaurant operator's stock, valued at approximately $127,892,000. Chipotle Mexican Grill comprises about 1.6% of Manning & Napier Advisors LLC's holdings, making the stock its 19th largest position. Manning & Napier Advisors LLC owned about 0.19% of Chipotle Mexican Grill at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. Vinva Investment Management Ltd grew its holdings in Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after purchasing an additional 21,864 shares during the last quarter. Community Trust & Investment Co. bought a new position in Chipotle Mexican Grill during the 1st quarter valued at about $7,773,000. K.J. Harrison & Partners Inc grew its holdings in Chipotle Mexican Grill by 46.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator's stock valued at $3,009,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its holdings in Chipotle Mexican Grill by 4.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 188,917 shares of the restaurant operator's stock valued at $11,392,000 after purchasing an additional 7,436 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 1.9%

Shares of NYSE CMG traded up $1.02 during trading hours on Monday, hitting $53.80. 15,656,903 shares of the stock were exchanged, compared to its average volume of 13,103,304. The company has a market cap of $72.49 billion, a PE ratio of 47.61, a PEG ratio of 2.62 and a beta of 1.06. The firm has a fifty day moving average price of $50.63 and a 200-day moving average price of $53.86. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during 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 revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.37 EPS. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMG. UBS Group cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Stephens reiterated an "equal weight" rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, TD Securities reissued a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Ten research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $60.79.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by company insiders.

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.