RFG Advisory LLC Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

RFG Advisory LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 164.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,985 shares of the restaurant operator's stock after acquiring an additional 9,313 shares during the period. RFG Advisory LLC's holdings in Chipotle Mexican Grill were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC boosted its position in shares of Chipotle Mexican Grill by 31.6% in the 1st quarter. Merit Financial Group LLC now owns 59,194 shares of the restaurant operator's stock worth $2,972,000 after purchasing an additional 14,198 shares in the last quarter. LVW Advisors LLC raised its position in Chipotle Mexican Grill by 12.9% in the first quarter. LVW Advisors LLC now owns 8,106 shares of the restaurant operator's stock worth $407,000 after acquiring an additional 926 shares during the period. NBC Securities Inc. raised its position in Chipotle Mexican Grill by 137,000.0% in the first quarter. NBC Securities Inc. now owns 1,371 shares of the restaurant operator's stock worth $68,000 after acquiring an additional 1,370 shares during the period. Enterprise Bank & Trust Co raised its stake in Chipotle Mexican Grill by 1.5% during the 1st quarter. Enterprise Bank & Trust Co now owns 58,103 shares of the restaurant operator's stock worth $2,917,000 after acquiring an additional 849 shares during the period. Finally, American National Bank & Trust raised its position in shares of Chipotle Mexican Grill by 12.5% during the 1st quarter. American National Bank & Trust now owns 5,735 shares of the restaurant operator's stock valued at $288,000 after purchasing an additional 635 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.8%

CMG opened at $52.58 on Friday. The company has a market cap of $70.84 billion, a P/E ratio of 47.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The firm's 50-day moving average price is $50.11 and its 200-day moving average price is $54.73.

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

Insider Buying and Selling

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 completion of the transaction, the insider now directly owns 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMG. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Piper Sandler lowered their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus dropped their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Wells Fargo & Company lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Securities dropped their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Nine investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.60.

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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