Inlight Wealth Management LLC Purchases New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Inlight Wealth Management LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,855 shares of the restaurant operator’s stock, valued at approximately $143,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC lifted its stake in Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after buying an additional 176 shares during the period. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the period. Schechter Investment Advisors LLC lifted its stake in Chipotle Mexican Grill by 1.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator’s stock valued at $1,127,000 after buying an additional 220 shares during the period. Mainstream Capital Management LLC lifted its stake in Chipotle Mexican Grill by 0.9% in the fourth quarter. Mainstream Capital Management LLC now owns 27,034 shares of the restaurant operator’s stock valued at $1,630,000 after buying an additional 231 shares during the period. Finally, SlateStone Wealth LLC lifted its stake in Chipotle Mexican Grill by 3.4% in the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator’s stock valued at $434,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.9%

CMG stock opened at $52.81 on Friday. The business has a 50 day moving average price of $50.63 and a two-hundred day moving average price of $53.94. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 46.73, a P/E/G ratio of 2.62 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74.

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

Insider Buying and Selling at Chipotle Mexican Grill

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 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 now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CMG shares. Royal Bank Of Canada cut their target price on 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. Stephens reaffirmed an “equal weight” rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Evercore ISI dropped their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Finally, Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research report on Friday, April 25th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.79.

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.