Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Columbia Asset Management

Columbia Asset Management increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 20,229 shares of the restaurant operator’s stock after buying an additional 1,775 shares during the quarter. Columbia Asset Management’s holdings in Chipotle Mexican Grill were worth $1,016,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock worth $501,620,000 after purchasing an additional 8,318,534 shares during the period. Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $315,220,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Evercore ISI reduced their price objective 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. Argus lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Morgan Stanley reduced their price objective on shares of 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. Wedbush reduced their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Loop Capital reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 4.1%

Shares of NYSE:CMG opened at $52.12 on Thursday. The stock has a market capitalization of $70.22 billion, a PE ratio of 46.95, a P/E/G ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The firm has a fifty day moving average price of $50.06 and a 200 day moving average price of $54.77.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company 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 42.92% and a net margin of 13.56%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $13.37 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.