YHB Investment Advisors Inc. Acquires 7,960 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

YHB Investment Advisors Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 61,868 shares of the restaurant operator's stock after purchasing an additional 7,960 shares during the period. YHB Investment Advisors Inc.'s holdings in Chipotle Mexican Grill were worth $3,106,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $315,220,000. Vinva Investment Management Ltd lifted its position in shares of Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after acquiring an additional 21,864 shares in the last quarter. Community Trust & Investment Co. acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $7,773,000. K.J. Harrison & Partners Inc increased its position in Chipotle Mexican Grill by 46.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator's stock worth $3,009,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $488,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG traded up $0.92 during mid-day trading on Tuesday, hitting $54.70. The stock had a trading volume of 11,441,328 shares, compared to its average volume of 13,096,861. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The business has a fifty day moving average price of $50.72 and a 200-day moving average price of $53.78. The firm has a market cap of $73.70 billion, a P/E ratio of 48.41, a PEG ratio of 2.62 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results 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 net margin of 13.59% and a return on equity of 43.29%. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the firm posted $13.37 earnings per share. The business's quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMG. UBS Group decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Loop Capital cut their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target on the stock. Finally, Evercore ISI reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Ten 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.79.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.81% of the company's stock.

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.