Marietta Wealth Management LLC Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Marietta Wealth Management LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,687 shares of the restaurant operator's stock after acquiring an additional 9,161 shares during the quarter. Marietta Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $3,348,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CMG. Union Bancaire Privee UBP SA purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $32,742,000. Revolve Wealth Partners LLC increased its position in shares of 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 buying an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after buying an additional 279,267 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 313.3% in the fourth quarter. Venturi Wealth Management LLC now owns 6,146 shares of the restaurant operator's stock valued at $371,000 after buying an additional 4,659 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $98,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 1.9%

Shares of NYSE:CMG opened at $52.81 on Friday. The stock's 50-day moving average price is $50.63 and its two-hundred day moving average price is $54.01. 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 cap of $71.15 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 2.57 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business earned $13.37 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's 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 completion of the sale, the insider now owns 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 this link. Company insiders own 0.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stephens restated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. UBS Group dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Morgan Stanley dropped their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research report on Friday, April 25th. Ten investment 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 company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $60.79.

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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