Pine Haven Investment Counsel Inc Lowers Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pine Haven Investment Counsel Inc decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,896 shares of the restaurant operator’s stock after selling 890 shares during the quarter. Chipotle Mexican Grill accounts for approximately 1.6% of Pine Haven Investment Counsel Inc’s portfolio, making the stock its 16th largest holding. Pine Haven Investment Counsel Inc’s holdings in Chipotle Mexican Grill were worth $1,853,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $32,742,000. Revolve Wealth Partners LLC increased its stake 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 purchasing an additional 214 shares in the last quarter. Trilogy Capital Inc. increased its stake in shares of Chipotle Mexican Grill by 21.6% in the 4th quarter. Trilogy Capital Inc. now owns 33,235 shares of the restaurant operator’s stock valued at $2,004,000 after purchasing an additional 5,904 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Chipotle Mexican Grill by 3.7% in the 4th quarter. Bleakley Financial Group LLC now owns 42,503 shares of the restaurant operator’s stock worth $2,563,000 after purchasing an additional 1,532 shares during the period. Finally, YANKCOM Partnership purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $209,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.1%

CMG stock opened at $52.57 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The stock has a market cap of $70.83 billion, a price-to-earnings ratio of 47.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. The business has a fifty day moving average of $50.12 and a two-hundred day moving average of $54.68.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping 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 return on equity of 42.92% and a net margin of 13.56%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $13.37 EPS. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CMG shares. KeyCorp cut their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. TD Securities dropped their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Evercore ISI dropped 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 research report on Thursday, April 24th. Nine equities research 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 stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $61.60.

Insiders Place Their Bets

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction on 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 now directly owns 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by 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.