Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250 shares of the restaurant operator’s stock after buying an additional 54 shares during the period. GAMMA Investing LLC’s holdings in Chipotle Mexican Grill were worth $727,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CMG. Loomis Sayles & Co. L P increased its stake in Chipotle Mexican Grill by 183.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 238 shares of the restaurant operator’s stock valued at $436,000 after buying an additional 154 shares during the period. Kestra Advisory Services LLC increased its stake in Chipotle Mexican Grill by 8.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,487 shares of the restaurant operator’s stock valued at $2,724,000 after buying an additional 116 shares during the period. Rafferty Asset Management LLC increased its stake in Chipotle Mexican Grill by 8.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 2,254 shares of the restaurant operator’s stock valued at $4,129,000 after buying an additional 178 shares during the period. QRG Capital Management Inc. acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $595,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $1,819,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMG. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Stephens lifted their price objective on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. lifted their price objective on shares of Chipotle Mexican Grill from $2,750.00 to $3,000.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. BTIG Research lifted their price objective on shares of Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Chipotle Mexican Grill in a report on Thursday, June 13th. They issued a “buy” rating and a $3,730.00 target price for the company. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,201.19.

Chipotle Mexican Grill Stock Up 1.8 %

NYSE CMG opened at $3,427.61 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $1,768.64 and a 12-month high of $3,463.07. The stock has a market capitalization of $94.16 billion, a PE ratio of 73.15, a price-to-earnings-growth ratio of 2.73 and a beta of 1.25. The company has a 50 day moving average price of $3,130.47 and a two-hundred day moving average price of $2,737.78.

Chipotle Mexican Grill shares are set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 55.31 EPS for the current year.

Insider Activity

In other news, CEO Brian R. Niccol sold 6,406 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $3,185.92, for a total value of $20,409,003.52. Following the transaction, the chief executive officer now owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Albert S. Baldocchi sold 1,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total transaction of $3,166,010.00. Following the transaction, the director now owns 27,250 shares of the company’s stock, valued at $86,273,772.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the transaction, the chief executive officer now directly owns 22,669 shares in the company, valued at approximately $72,221,620.48. The disclosure for this sale can be found here. Insiders have sold a total of 11,015 shares of company stock valued at $35,023,769 over the last 90 days. 1.02% of the stock is currently 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.