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

Warther Private Wealth LLC grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 34.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,344 shares of the restaurant operator's stock after acquiring an additional 57,442 shares during the quarter. Chipotle Mexican Grill comprises about 3.7% of Warther Private Wealth LLC's portfolio, making the stock its 13th largest position. Warther Private Wealth LLC's holdings in Chipotle Mexican Grill were worth $11,164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $31,000. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $38,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after buying an additional 625 shares during the period. Global Financial Private Client LLC grew its holdings in 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 in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Down 1.3%

CMG stock opened at $50.24 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The firm has a 50 day moving average of $50.38 and a 200 day moving average of $54.22. The stock has a market capitalization of $67.70 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the previous year, the business posted $13.37 EPS. The business's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 transaction of $5,659,587.50. Following the completion of the sale, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on CMG shares. Loop Capital dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. TD Securities dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stephens reiterated an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Finally, Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price on the stock. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $61.37.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.