Bender Robert & Associates Buys Shares of 144,933 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bender Robert & Associates purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 144,933 shares of the restaurant operator’s stock, valued at approximately $7,277,000. Chipotle Mexican Grill comprises about 1.8% of Bender Robert & Associates’ holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 buying an additional 625 shares during the period. Global Financial Private Client LLC grew its stake in shares of Chipotle Mexican Grill by 136.2% in the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 500 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $45,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMG. Stephens reaffirmed an “equal weight” rating and issued a $49.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, June 9th. Argus lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Barclays dropped their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Evercore ISI decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Ten investment 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 company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.37.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction on 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 directly owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $51.39 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The company has a fifty day moving average price of $50.52 and a 200 day moving average price of $54.14. The stock has a market cap of $69.24 billion, a P/E ratio of 45.48, a PEG ratio of 2.61 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm posted $13.37 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.