Vestmark Advisory Solutions Inc. Grows Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Chipotle Mexican Grill by 99.4%, acquiring an additional 50,526 shares and bringing its total holdings to 101,358 shares valued at approximately $5.09 million.
• Several institutional investors, including Cloud Capital Management LLC and HighMark Wealth Management LLC, also made new positions or increased their holdings in Chipotle during the 1st quarter of the year.
• Analysts have mixed outlooks on Chipotle, with price targets ranging from $53.00 to $65.00, and a general consensus rating of "Moderate Buy" with an average target price of $60.37.

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 99.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,358 shares of the restaurant operator's stock after purchasing an additional 50,526 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Chipotle Mexican Grill were worth $5,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Chipotle Mexican Grill by 22.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Chipotle Mexican Grill by 9.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 23,822 shares of the restaurant operator's stock valued at $1,436,000 after purchasing an additional 2,104 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 8.7% during the fourth quarter. NewEdge Advisors LLC now owns 132,724 shares of the restaurant operator's stock valued at $8,003,000 after acquiring an additional 10,622 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $60,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.87 during trading on Friday, hitting $44.04. The company had a trading volume of 19,039,548 shares, compared to its average volume of 23,392,978. The stock has a 50 day simple moving average of $50.37 and a 200 day simple moving average of $51.10. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The firm has a market capitalization of $59.05 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 2.24 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 (EPS) for the quarter, beating 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company earned $0.34 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group increased their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Royal Bank Of Canada lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Evercore ISI decreased their price target 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. Eight equities research 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.22.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction on Monday, June 2nd. The stock was 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 directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.