Proathlete Wealth Management LLC Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Proathlete Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,019 shares of the restaurant operator’s stock after acquiring an additional 669 shares during the period. Proathlete Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $754,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. Vinva Investment Management Ltd lifted its position in Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after purchasing an additional 21,864 shares during the last quarter. ING Groep NV lifted its position in Chipotle Mexican Grill by 203.4% during the fourth quarter. ING Groep NV now owns 524,132 shares of the restaurant operator’s stock valued at $31,605,000 after purchasing an additional 351,382 shares during the last quarter. Community Trust & Investment Co. bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $7,773,000. Finally, K.J. Harrison & Partners Inc lifted its position in Chipotle Mexican Grill by 46.7% during the fourth quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator’s stock valued at $3,009,000 after purchasing an additional 16,000 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.9%

NYSE:CMG opened at $51.83 on Friday. The company has a fifty day moving average of $50.57 and a 200 day moving average of $54.07. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $68.91. The firm has a market capitalization of $69.83 billion, a P/E ratio of 45.86, a P/E/G ratio of 2.57 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business posted $13.37 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research analyst reports. Royal Bank Of Canada dropped their target price 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. UBS Group dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. TD Securities reiterated a “buy” rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday. Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, Stephens reiterated an “equal weight” rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $60.79.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider now directly owns 109,815 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

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.