Northwest Investment Counselors LLC Takes $140,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Northwest Investment Counselors LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 48 shares of the restaurant operator’s stock, valued at approximately $140,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steph & Co. acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $29,000. Fortitude Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $37,000. ICA Group Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $37,000. Finally, Keener Financial Planning LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter worth about $43,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CMG. Sanford C. Bernstein raised their price objective on Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Morgan Stanley boosted their price target on shares of Chipotle Mexican Grill from $2,986.00 to $3,100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $3,300.00 to $3,485.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Barclays upped their price target on shares of Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus 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, Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill 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 sale, the director now directly owns 27,250 shares in the company, valued at $86,273,772.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Brian R. Niccol sold 6,406 shares of the stock in a transaction dated 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 owns 22,669 shares of the company’s stock, valued at approximately $72,221,620.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the completion of the transaction, the director now directly owns 27,250 shares of the company’s stock, valued at $86,273,772.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,015 shares of company stock worth $35,023,769. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $3,191.01 on Tuesday. The company has a market capitalization of $87.66 billion, a P/E ratio of 68.10, a P/E/G ratio of 2.56 and a beta of 1.25. The company has a 50 day simple moving average of $3,145.08 and a 200-day simple moving average of $2,762.23. Chipotle Mexican Grill, Inc. has a 1 year low of $1,768.64 and a 1 year high of $3,463.07.

Chipotle Mexican Grill’s stock is set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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 return on equity of 43.74% and a net margin of 12.70%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 55.31 EPS for the current year.

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.