Vantage Investment Partners LLC Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vantage Investment Partners LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721,484 shares of the restaurant operator's stock after purchasing an additional 77,335 shares during the quarter. Chipotle Mexican Grill makes up 3.0% of Vantage Investment Partners LLC's investment portfolio, making the stock its 14th largest holding. Vantage Investment Partners LLC owned 0.05% of Chipotle Mexican Grill worth $36,226,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Chipotle Mexican Grill by 312.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 625 shares during the period. Finally, Global Financial Private Client LLC grew its stake in shares of Chipotle Mexican Grill by 136.2% during the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock worth $44,000 after acquiring an additional 500 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 1.9%

Shares of CMG opened at $52.81 on Friday. The company has a market cap of $71.15 billion, a PE ratio of 46.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The stock has a 50-day moving average price of $50.63 and a 200-day moving average price of $53.94.

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 analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $13.37 EPS. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMG. JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Barclays cut their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research note on Friday, April 25th. TD Securities reiterated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday. Finally, Royal Bank Of Canada cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.79.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by insiders.

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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