Mainstream Capital Management LLC Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mainstream Capital Management LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,408 shares of the restaurant operator’s stock after purchasing an additional 1,374 shares during the quarter. Chipotle Mexican Grill comprises approximately 1.1% of Mainstream Capital Management LLC’s portfolio, making the stock its 28th largest holding. Mainstream Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $1,426,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HighMark Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 371 shares during the period. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Chipotle Mexican Grill by 312.5% in 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 in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMG. Royal Bank Of Canada reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Piper Sandler lowered their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Robert W. Baird increased their price target on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Barclays upped their price target on Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Ten analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.93.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

CMG stock traded down $0.46 during mid-day trading on Wednesday, reaching $57.78. The company had a trading volume of 1,335,187 shares, compared to its average volume of 12,840,280. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The company has a market capitalization of $77.85 billion, a price-to-earnings ratio of 51.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08. The firm has a fifty day simple moving average of $51.65 and a 200 day simple moving average of $53.46.

Chipotle Mexican Grill (NYSE:CMG) last released 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. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. Chipotle Mexican Grill’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $13.37 earnings per share. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.