First Affirmative Financial Network Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Affirmative Financial Network bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, Holdings Channel reports. The fund bought 70 shares of the restaurant operator’s stock, valued at approximately $203,000.

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

Analysts Set New Price Targets

CMG has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Robert W. Baird restated an “outperform” rating and set a $3,500.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday. UBS Group boosted their target price on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Stephens raised their price target on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, Barclays upped their price objective on Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $3,201.19.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 6,406 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 22,669 shares of the company’s stock, valued at approximately $72,221,620.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Scott Boatwright sold 1,100 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total value of $3,509,176.00. Following the sale, the chief operating officer now owns 2,412 shares of the company’s stock, valued at $7,694,665.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 6,406 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The disclosure for this sale can be found here. Insiders have sold 11,015 shares of company stock worth $35,023,769 in the last quarter. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.1 %

CMG opened at $3,210.49 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $1,768.64 and a 52 week high of $3,463.07. The business’s 50 day moving average is $3,140.00 and its two-hundred day moving average is $2,751.63. The firm has a market cap of $88.19 billion, a price-to-earnings ratio of 68.51, a price-to-earnings-growth ratio of 2.56 and a beta of 1.25.

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

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping 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 firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 55.31 EPS for the current fiscal year.

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.