Whelan Financial Invests $369,000 in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whelan Financial purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,346 shares of the restaurant operator's stock, valued at approximately $369,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Concurrent Investment Advisors LLC increased its position in Chipotle Mexican Grill by 21.3% during the first quarter. Concurrent Investment Advisors LLC now owns 36,158 shares of the restaurant operator's stock worth $1,816,000 after buying an additional 6,340 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Chipotle Mexican Grill by 22.8% in the first quarter. Impax Asset Management Group plc now owns 357,084 shares of the restaurant operator's stock worth $17,929,000 after purchasing an additional 66,285 shares during the period. Catalyst Capital Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the restaurant operator's stock worth $79,000 after purchasing an additional 492 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in Chipotle Mexican Grill by 44.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 45,931 shares of the restaurant operator's stock valued at $2,306,000 after purchasing an additional 14,143 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in Chipotle Mexican Grill by 9.9% in the 1st quarter. IFM Investors Pty Ltd now owns 280,141 shares of the restaurant operator's stock valued at $14,066,000 after buying an additional 25,303 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Piper Sandler reduced their price target on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Finally, Royal Bank Of Canada lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $60.93.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $2.07 during trading hours on Monday, reaching $55.00. 4,245,724 shares of the company were exchanged, compared to its average volume of 12,861,911. The company has a market cap of $74.11 billion, a price-to-earnings ratio of 48.65, a P/E/G ratio of 2.83 and a beta of 1.08. The stock's fifty day moving average is $52.07 and its two-hundred day moving average is $53.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74.

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 analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $13.37 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

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.