Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in Chipotle Mexican Grill by 1.3%, owning approximately 122.5 million shares, valued at over $6.1 billion.
• During the most recent earnings report, Chipotle reported earnings per share of $0.33, exceeding estimates, with revenue of $3.06 billion for the quarter.
• Chipotle's stock has recently been rated as a "Moderate Buy" by analysts, with an average target price of around $60.71.

Vanguard Group Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,463,327 shares of the restaurant operator's stock after purchasing an additional 1,597,287 shares during the quarter. Vanguard Group Inc. owned 9.09% of Chipotle Mexican Grill worth $6,148,884,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $25,000. HighMark Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares in the last quarter. North Capital Inc. acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at $30,000. ORG Wealth Partners LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth $45,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 sale, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded down $1.22 during mid-day trading on Friday, reaching $41.47. 22,568,844 shares of the company's stock were exchanged, compared to its average volume of 14,016,788. The company's 50-day moving average is $51.39 and its 200-day moving average is $51.75. The firm has a market capitalization of $55.61 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52-week low of $41.43 and a 52-week high of $66.74.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMG. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $56.00 to $65.00 in a report on Friday, July 18th. Stephens reaffirmed an "equal weight" rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Citigroup cut their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Loop Capital decreased their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Evercore ISI lowered their price target on 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. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.71.

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.