Wealth Enhancement Advisory Services LLC Has $18.75 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 373,432 shares of the restaurant operator's stock after purchasing an additional 45,296 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Chipotle Mexican Grill were worth $18,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CMG. Tortoise Investment Management LLC raised its stake in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after acquiring an additional 176 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Schechter Investment Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 1.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator's stock valued at $1,127,000 after acquiring an additional 220 shares during the last quarter. Mainstream Capital Management LLC raised its position in Chipotle Mexican Grill by 0.9% in the 4th quarter. Mainstream Capital Management LLC now owns 27,034 shares of the restaurant operator's stock worth $1,630,000 after purchasing an additional 231 shares during the last quarter. Finally, SlateStone Wealth LLC raised its position in Chipotle Mexican Grill by 3.4% in the 4th quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock worth $434,000 after purchasing an additional 235 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $52.81 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $66.74. The stock has a market capitalization of $71.15 billion, a price-to-earnings ratio of 46.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.06. The company has a fifty day moving average of $50.63 and a 200-day moving average 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the company earned $13.37 EPS. The firm's revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Morgan Stanley dropped their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $60.79.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.81% of the stock is currently owned by corporate 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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