Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Xponance Inc.

Xponance Inc. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 320,929 shares of the restaurant operator's stock after acquiring an additional 4,483 shares during the period. Xponance Inc.'s holdings in Chipotle Mexican Grill were worth $16,114,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CMG. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th 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. Money Concepts Capital Corp boosted its holdings in shares of Chipotle Mexican Grill by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after acquiring an additional 221 shares during the last quarter. SlateStone Wealth LLC boosted its holdings in shares of Chipotle Mexican Grill by 3.4% in the 4th quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock valued at $434,000 after acquiring an additional 235 shares during the last quarter. Northwest Bank & Trust Co boosted its holdings in shares of Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after acquiring an additional 236 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Chipotle Mexican Grill by 2.6% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock valued at $488,000 after acquiring an additional 243 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Loop Capital dropped their price objective 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. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday. Stephens reiterated an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, June 9th. Finally, TD Securities reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.25.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded down $0.41 during mid-day trading on Friday, reaching $56.00. The company's stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,680,253. The stock has a 50-day moving average of $52.49 and a two-hundred day moving average of $53.22. The stock has a market capitalization of $75.45 billion, a P/E ratio of 49.56, a P/E/G ratio of 2.79 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results 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 business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $13.37 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the 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 directly owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by company 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.