Los Angeles Capital Management LLC Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Los Angeles Capital Management LLC raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,062 shares of the restaurant operator’s stock after buying an additional 56 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $11,807,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Fortitude Family Office LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. ICA Group Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $37,000. Keener Financial Planning LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $43,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Chipotle Mexican Grill by 28.6% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 27 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 6 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were 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 owns 22,669 shares of the company’s stock, valued at approximately $72,221,620.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 6,406 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Albert S. Baldocchi sold 1,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 27,250 shares in the company, valued at approximately $86,273,772.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,015 shares of company stock valued at $35,023,769. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 1.8 %

Shares of CMG stock opened at $3,427.61 on Thursday. The company’s 50-day moving average price is $3,130.47 and its 200-day moving average price is $2,737.78. The stock has a market cap of $94.16 billion, a price-to-earnings ratio of 73.15, a PEG ratio of 2.73 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a twelve month low of $1,768.64 and a twelve month high of $3,463.07.

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

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMG. Deutsche Bank Aktiengesellschaft lifted their target price 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. Morgan Stanley lifted their target price on shares of Chipotle Mexican Grill from $2,986.00 to $3,100.00 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 company 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 company a “buy” rating in a research note on Thursday, April 25th. Finally, Raymond James restated an “outperform” rating and set a $3,340.00 price objective (up from $3,300.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $3,201.19.

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.