NorthCrest Asset Manangement LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,569 shares of the restaurant operator’s stock after buying an additional 246 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Chipotle Mexican Grill were worth $1,334,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of CMG. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Mascagni Wealth Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Sierra Ocean LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 625 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.
Wall Street Analyst Weigh In
CMG has been the subject of several research analyst reports. Truist Financial reduced their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Barclays cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Robert W. Baird cut their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock 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 given a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $61.37.
Chipotle Mexican Grill Stock Performance
CMG stock opened at $50.24 on Friday. The company’s 50-day simple moving average is $50.38 and its 200 day simple moving average is $54.28. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The company has a market capitalization of $67.70 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 2.04 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 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the company posted $13.37 earnings per share. Chipotle Mexican Grill’s revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.
Insider Activity at Chipotle Mexican Grill
In other Chipotle Mexican Grill 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 transaction of $5,659,587.50. Following the sale, the insider now directly owns 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 SEC, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.
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.
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