Montrusco Bolton Investments Inc. Boosts Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Montrusco Bolton Investments Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5,319.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,848,990 shares of the restaurant operator's stock after acquiring an additional 4,759,520 shares during the quarter. Chipotle Mexican Grill makes up about 3.1% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 12th largest holding. Montrusco Bolton Investments Inc. owned about 0.36% of Chipotle Mexican Grill worth $235,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC increased its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares during the period. Bank Pictet & Cie Europe AG increased its position 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 buying an additional 279,267 shares during the period. Proficio Capital Partners LLC increased its position 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 buying an additional 3,507 shares during the period. Parallel Advisors LLC increased its position in shares of Chipotle Mexican Grill by 3.0% during the fourth quarter. Parallel Advisors LLC now owns 23,245 shares of the restaurant operator's stock worth $1,402,000 after buying an additional 676 shares during the period. Finally, Signaturefd LLC increased its position in shares of Chipotle Mexican Grill by 1.7% during the fourth quarter. Signaturefd LLC now owns 23,246 shares of the restaurant operator's stock worth $1,402,000 after buying an additional 384 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMG has been the subject of a number of research reports. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $56.00 to $65.00 in a report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Robert W. Baird raised their price target on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Nine equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $61.72.

Chipotle Mexican Grill Trading Up 0.6%

Shares of CMG traded up $0.34 during trading hours on Friday, reaching $53.88. 9,512,380 shares of the stock traded hands, compared to its average volume of 12,600,741. The stock has a fifty day simple moving average of $52.82 and a 200 day simple moving average of $52.98. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The company has a market cap of $72.60 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 2.65 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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 business had revenue of $2.88 billion for 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%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.37 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 sale, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company's stock.

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.