Sagespring Wealth Partners LLC Increases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sagespring Wealth Partners LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 56.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,472 shares of the restaurant operator's stock after purchasing an additional 9,566 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Chipotle Mexican Grill were worth $1,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $315,220,000. Vinva Investment Management Ltd increased its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after buying an additional 21,864 shares during the period. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $715,000. ING Groep NV increased its holdings 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 period. Finally, K.J. Harrison & Partners Inc increased its holdings in Chipotle Mexican Grill by 46.7% in the 4th 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 during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $52.52 on Tuesday. The stock's fifty day moving average is $50.51 and its two-hundred day moving average is $54.16. The firm has a market capitalization of $70.76 billion, a P/E ratio of 47.30, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $13.37 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Stephens reaffirmed an "equal weight" rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, June 9th. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Evercore ISI dropped their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.37.

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.

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