Center For Asset Management LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Center For Asset Management LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,220 shares of the restaurant operator’s stock after purchasing an additional 576 shares during the quarter. Center For Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Tortoise Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after acquiring an additional 176 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% in the fourth 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 in the last quarter. Schechter Investment Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 1.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator’s stock valued at $1,127,000 after acquiring an additional 220 shares in the last quarter. Mainstream Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 0.9% in the fourth quarter. Mainstream Capital Management LLC now owns 27,034 shares of the restaurant operator’s stock valued at $1,630,000 after acquiring an additional 231 shares in the last quarter. Finally, SlateStone Wealth LLC lifted its position in shares of Chipotle Mexican Grill by 3.4% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 completion of the sale, the insider now directly owns 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.9%

Shares of NYSE CMG opened at $52.81 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The stock has a fifty day simple moving average of $50.63 and a 200-day simple moving average of $54.01. The stock has a market capitalization of $71.15 billion, a PE ratio of 46.73, a PEG ratio of 2.57 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm posted $13.37 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMG. Robert W. Baird decreased their target price on 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. UBS Group reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Citigroup reduced their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Truist Financial reduced their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Stephens reiterated an “equal weight” rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.79.

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.