Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Premier Fund Managers Ltd

Key Points

• Premier Fund Managers Ltd has increased its stake in Chipotle Mexican Grill by 15.0%, owning over 1.15 million shares valued at approximately $57.41 million.
• Institutional investors collectively hold 91.31% of Chipotle's stock, with notable increases in stakes from other investors such as Bank Pictet & Cie Europe AG by 22.5%.
• Equities research analysts have a consensus rating of "Moderate Buy" for Chipotle, with a consensus price target of around $60.71.

Premier Fund Managers Ltd boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150,463 shares of the restaurant operator's stock after purchasing an additional 150,463 shares during the quarter. Chipotle Mexican Grill comprises 2.1% of Premier Fund Managers Ltd's investment portfolio, making the stock its 14th biggest position. Premier Fund Managers Ltd owned about 0.09% of Chipotle Mexican Grill worth $57,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $25,000. HighMark Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after buying an additional 371 shares during the last quarter. North Capital Inc. purchased a new position in Chipotle Mexican Grill in the first quarter worth about $30,000. ORG Wealth Partners LLC purchased a new position in Chipotle Mexican Grill in the first quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. UBS Group upped their target price on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Loop Capital dropped their price target on shares of 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. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Melius initiated coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target for the company. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $60.71.

Chipotle Mexican Grill Stock Down 0.9%

CMG stock traded down $0.38 during trading on Friday, hitting $42.50. The company had a trading volume of 14,890,892 shares, compared to its average volume of 13,885,038. The firm has a market capitalization of $57.26 billion, a P/E ratio of 38.07, a PEG ratio of 2.23 and a beta of 1.08. The company has a 50 day simple moving average of $52.16 and a 200-day simple moving average of $52.26. Chipotle Mexican Grill, Inc. has a 52-week low of $42.46 and a 52-week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill 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.