Nilsine Partners LLC Acquires 8,524 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nilsine Partners LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 28.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,788 shares of the restaurant operator's stock after buying an additional 8,524 shares during the period. Nilsine Partners LLC's holdings in Chipotle Mexican Grill were worth $1,948,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $31,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $38,000. Mascagni Wealth Management Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 625 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Insider Activity at Chipotle Mexican Grill

In related 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 value of $5,659,587.50. Following the sale, the insider now directly 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 legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMG. TD Securities reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Loop Capital cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.79.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $52.81 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The company's 50-day moving average is $50.63 and its 200 day moving average is $54.01. The company has a market capitalization of $71.15 billion, a P/E ratio of 46.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data 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 return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the previous year, the business posted $13.37 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.

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