Phillips Wealth Planners LLC Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Phillips Wealth Planners LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,393 shares of the restaurant operator’s stock after purchasing an additional 463 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Chipotle Mexican Grill were worth $268,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its position in Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after acquiring an additional 176 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Schechter Investment Advisors LLC increased its position in Chipotle Mexican Grill by 1.2% during the fourth quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator’s stock valued at $1,127,000 after acquiring an additional 220 shares during the last quarter. Mainstream Capital Management LLC increased its position in Chipotle Mexican Grill by 0.9% during the fourth quarter. Mainstream Capital Management LLC now owns 27,034 shares of the restaurant operator’s stock valued at $1,630,000 after acquiring an additional 231 shares during the last quarter. Finally, SlateStone Wealth LLC increased its position in Chipotle Mexican Grill by 3.4% during the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator’s stock valued at $434,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMG shares. Evercore ISI cut their price objective on shares of 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. Loop Capital cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. UBS Group cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, KeyCorp cut their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.79.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $55.11 on Thursday. The firm has a market cap of $74.25 billion, a price-to-earnings ratio of 48.77, a PEG ratio of 2.71 and a beta of 1.06. The firm has a 50-day simple moving average of $50.97 and a two-hundred day simple moving average of $53.80. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $66.74.

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

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 dated 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 completion of the sale, the insider now directly owns 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

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.