Whelan Financial Purchases Shares of 7,346 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Whelan Financial acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 added to or reduced their stakes in the stock. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $31,000. HighMark Wealth Management LLC boosted its position in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares during the period. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $38,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $0.21 during trading hours on Tuesday, hitting $55.25. 4,326,410 shares of the company were exchanged, compared to its average volume of 12,831,318. The company has a market cap of $74.44 billion, a PE ratio of 48.89, a PEG ratio of 2.83 and a beta of 1.08. The firm's 50 day moving average is $52.16 and its 200-day moving average is $53.23. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $13.37 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on CMG shares. Truist Financial reduced their price target on 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. TD Securities reissued a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Loop Capital dropped their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Evercore ISI dropped their price objective on 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. Finally, Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $60.93.

Chipotle Mexican Grill 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.