Perennial Advisors LLC Buys Shares of 6,467 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Perennial Advisors LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 6,467 shares of the restaurant operator's stock, valued at approximately $325,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CMG shares. Redburn Atlantic started coverage on Chipotle Mexican Grill in a research note on Tuesday. They issued a "neutral" rating and a $55.00 price objective on the stock. Royal Bank of Canada dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. TD Securities cut their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Evercore ISI lowered their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays reduced their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.37.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Up 2.4%

Shares of NYSE:CMG traded up $1.19 during trading on Wednesday, hitting $51.81. The stock had a trading volume of 10,104,957 shares, compared to its average volume of 13,475,308. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company has a market capitalization of $69.81 billion, a PE ratio of 46.67, a PEG ratio of 2.04 and a beta of 1.06. The firm's fifty day moving average is $50.12 and its 200 day moving average is $54.51.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business earned $13.37 EPS. Chipotle Mexican Grill's revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.