Park Avenue Securities LLC Buys 9,508 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Park Avenue Securities LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,980 shares of the restaurant operator's stock after purchasing an additional 9,508 shares during the period. Park Avenue Securities LLC's holdings in Chipotle Mexican Grill were worth $2,108,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CMG. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $38,000. Mascagni Wealth Management Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth $45,000. Sierra Ocean LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 625 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 1.7%

Shares of NYSE CMG traded down $0.90 during midday trading on Thursday, hitting $50.89. The company's stock had a trading volume of 10,207,369 shares, compared to its average volume of 13,463,544. The firm has a market capitalization of $68.57 billion, a price-to-earnings ratio of 45.84, a P/E/G ratio of 2.04 and a beta of 1.06. The stock has a fifty day moving average price of $50.29 and a 200 day moving average price of $54.42. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued 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. The business had revenue of $2.88 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $13.37 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity 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 shares were 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 $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a report on Tuesday. They set a "neutral" rating and a $55.00 price objective for the company. TD Securities decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.37.

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.