Moody Lynn & Lieberson LLC Buys New Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Moody Lynn & Lieberson LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,446 shares of the restaurant operator's stock, valued at approximately $1,529,000.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $1,093,345,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after buying an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $315,220,000. Finally, Voya Investment Management LLC increased its position in Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after acquiring an additional 4,790,464 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 2.5%

Shares of Chipotle Mexican Grill stock traded down $1.46 during trading on Wednesday, hitting $56.78. 14,396,208 shares of the stock were exchanged, compared to its average volume of 12,890,399. The company has a fifty day moving average price of $51.65 and a 200-day moving average price of $53.46. The stock has a market capitalization of $76.50 billion, a price-to-earnings ratio of 50.25, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company 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 posted $13.37 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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 dated 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 sale, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CMG shares. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a report on Friday, April 25th. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. TD Securities reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Finally, Evercore ISI reduced their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.93.

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.