River Street Advisors LLC Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

River Street Advisors LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,489 shares of the restaurant operator's stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $315,220,000. Vinva Investment Management Ltd raised its holdings in shares of Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares in the last quarter. ING Groep NV lifted its position in Chipotle Mexican Grill by 203.4% in the 4th quarter. ING Groep NV now owns 524,132 shares of the restaurant operator's stock worth $31,605,000 after buying an additional 351,382 shares during the last quarter. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill in the first quarter worth approximately $7,773,000. Finally, K.J. Harrison & Partners Inc boosted its stake in Chipotle Mexican Grill by 46.7% in the fourth quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator's stock worth $3,009,000 after buying an additional 16,000 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 completion of the transaction, the insider now directly owns 109,815 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $51.83 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $68.91. The firm has a 50-day moving average of $50.57 and a 200 day moving average of $54.07. The stock has a market cap of $69.83 billion, a P/E ratio of 45.86, a price-to-earnings-growth ratio of 2.57 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 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. During the same period in the previous year, the firm posted $13.37 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent research reports. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Piper Sandler lowered their price target on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. UBS Group decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Stephens restated an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Ten 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $60.79.

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.

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