Physicians Financial Services Inc. Acquires 245 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Physicians Financial Services Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 16,738 shares of the restaurant operator’s stock after buying an additional 245 shares during the period. Physicians Financial Services Inc.’s holdings in Chipotle Mexican Grill were worth $840,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Fielder Capital Group LLC lifted its stake in Chipotle Mexican Grill by 10.7% during the first quarter. Fielder Capital Group LLC now owns 4,712 shares of the restaurant operator’s stock worth $237,000 after purchasing an additional 454 shares during the last quarter. Evermay Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 3.3% during the first quarter. Evermay Wealth Management LLC now owns 12,446 shares of the restaurant operator’s stock worth $625,000 after purchasing an additional 398 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its stake in Chipotle Mexican Grill by 23.5% during the first quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 14,643 shares of the restaurant operator’s stock worth $735,000 after purchasing an additional 2,782 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in Chipotle Mexican Grill by 39.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 7,760 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 2,215 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in Chipotle Mexican Grill by 5.7% during the first quarter. TCW Group Inc. now owns 20,071 shares of the restaurant operator’s stock worth $1,008,000 after purchasing an additional 1,077 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 109,815 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Redburn Atlantic began coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a “neutral” rating and a $55.00 price target for the company. UBS Group lifted their price objective on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Citigroup decreased their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird reduced their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.71.

Chipotle Mexican Grill Trading Up 2.2%

Shares of CMG opened at $46.75 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The firm’s fifty day simple moving average is $52.75 and its 200-day simple moving average is $52.54. The firm has a market capitalization of $62.98 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.38 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the business earned $0.34 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.