Oppenheimer Asset Management Inc. Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oppenheimer Asset Management Inc. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 357,247 shares of the restaurant operator's stock after buying an additional 9,453 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Chipotle Mexican Grill were worth $17,937,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Alliancebernstein L.P. lifted its holdings in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after acquiring an additional 395,053 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the last quarter. Norges Bank purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $1,093,345,000. Finally, Northern Trust Corp increased its holdings in Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after acquiring an additional 1,438,860 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMG. UBS Group cut 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. TD Securities reaffirmed a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Loop Capital lowered their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, Royal Bank Of Canada lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.79.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $1.01 during mid-day trading on Tuesday, reaching $54.79. 7,709,695 shares of the company were exchanged, compared to its average volume of 12,815,227. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The business has a fifty day moving average of $50.72 and a 200 day moving average of $53.78. The firm has a market cap of $73.82 billion, a P/E ratio of 48.50, a PEG ratio of 2.62 and a beta of 1.06.

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

About Chipotle Mexican Grill

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.