Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Raised by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 41.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 186,811 shares of the restaurant operator's stock after purchasing an additional 55,027 shares during the quarter. Miracle Mile Advisors LLC's holdings in Chipotle Mexican Grill were worth $9,380,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $371,000. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $315,220,000. Vinva Investment Management Ltd lifted its stake 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 in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $715,000. Finally, ING Groep NV increased its position in Chipotle Mexican Grill by 203.4% during the fourth quarter. ING Groep NV now owns 524,132 shares of the restaurant operator's stock worth $31,605,000 after buying an additional 351,382 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on 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 now 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 available at the SEC website. Insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CMG shares. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. 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. Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, nineteen have issued 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 has a consensus rating of "Moderate Buy" and a consensus target price of $61.37.

Chipotle Mexican Grill Trading Up 2.4%

CMG stock traded up $1.19 during trading on Wednesday, reaching $51.81. The stock had a trading volume of 12,318,979 shares, compared to its average volume of 13,475,628. The firm has a fifty day moving average price of $50.12 and a 200 day moving average price of $54.51. The company has a market capitalization of $69.81 billion, a P/E ratio of 46.67, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $13.37 earnings per share. Sell-side analysts predict 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.