Perennial Advisors LLC Acquires New Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Perennial Advisors LLC bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 6,467 shares of the restaurant operator’s stock, valued at approximately $325,000.

Other large investors have also recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the fourth quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Chipotle Mexican Grill by 312.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 625 shares during the period. Global Financial Private Client LLC increased its holdings in Chipotle Mexican Grill by 136.2% in the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 500 shares during the period. Finally, Mascagni Wealth Management Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of 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. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. KeyCorp dropped their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, TD Securities decreased their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.60.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $52.57 on Friday. The business has a 50 day simple moving average of $50.12 and a 200-day simple moving average of $54.65. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The firm has a market capitalization of $70.83 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $13.37 EPS. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.