Versor Investments LP Takes $569,000 Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Versor Investments LP acquired 11,341 shares of Chipotle Mexican Grill, valued at approximately $569,000, signaling strong interest from institutional investors.
• Insider Roger E. Theodoredis sold 113,875 shares at an average price of $49.70, representing a significant 50.91% decrease in their position.
• Recent analyst reports show mixed ratings on Chipotle stock; Morgan Stanley and Raymond James lowered their price targets while BMO Capital Markets upgraded its rating to outperform.

Versor Investments LP acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,341 shares of the restaurant operator's stock, valued at approximately $569,000.

A number of other hedge funds have also recently modified their holdings of the company. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Csenge Advisory Group boosted its holdings in Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after acquiring an additional 220 shares during the period. Money Concepts Capital Corp boosted its holdings in Chipotle Mexican Grill by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after acquiring an additional 221 shares during the period. Northwest Bank & Trust Co boosted its holdings in Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares during the period. Finally, Covestor Ltd boosted its holdings in Chipotle Mexican Grill by 5.3% in the 1st quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after acquiring an additional 242 shares during the period. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CMG shares. Barclays decreased their price target on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Guggenheim decreased their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Evercore ISI decreased their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. UBS Group increased their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets upgraded Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the company from $56.00 to $65.00 in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.22.

Chipotle Mexican Grill Price Performance

CMG traded up $0.67 during trading hours on Friday, hitting $43.58. 10,899,653 shares of the stock were exchanged, compared to its average volume of 14,193,276. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The stock has a 50-day simple moving average of $49.73 and a 200-day simple moving average of $50.73. The stock has a market cap of $58.44 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued 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 return on equity of 43.50% and a net margin of 13.32%.The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the company earned $0.34 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's 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 directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

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.