Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 12.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269 shares of the restaurant operator’s stock after buying an additional 29 shares during the quarter. Ballentine Partners LLC’s holdings in Chipotle Mexican Grill were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC lifted its position in shares of Chipotle Mexican Grill by 24.2% during the third quarter. Insigneo Advisory Services LLC now owns 298 shares of the restaurant operator’s stock worth $546,000 after purchasing an additional 58 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Chipotle Mexican Grill by 1,043.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 10,847 shares of the restaurant operator’s stock valued at $19,870,000 after purchasing an additional 9,898 shares during the last quarter. Armistice Capital LLC lifted its position in shares of Chipotle Mexican Grill by 32.5% in the 3rd quarter. Armistice Capital LLC now owns 6,425 shares of the restaurant operator’s stock worth $11,770,000 after buying an additional 1,575 shares during the last quarter. Mariner LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.8% in the 3rd quarter. Mariner LLC now owns 3,616 shares of the restaurant operator’s stock valued at $6,624,000 after buying an additional 166 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Chipotle Mexican Grill by 104.5% in the fourth quarter. Nordea Investment Management AB now owns 29,192 shares of the restaurant operator’s stock worth $66,555,000 after acquiring an additional 14,915 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.4 %

Shares of CMG traded down $12.87 during midday trading on Monday, hitting $3,197.62. The stock had a trading volume of 22,944 shares, compared to its average volume of 256,220. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,463.07. The business has a 50-day simple moving average of $3,140.00 and a two-hundred day simple moving average of $2,755.44. The firm has a market cap of $87.84 billion, a P/E ratio of 68.51, a price-to-earnings-growth ratio of 2.56 and a beta of 1.25.

Chipotle Mexican Grill’s stock is scheduled to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Brian R. Niccol sold 6,406 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Roger E. Theodoredis sold 2,509 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,164.44, for a total value of $7,939,579.96. Following the completion of the sale, the insider now directly owns 1,085 shares in the company, valued at $3,433,417.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total value of $20,409,003.52. Following the completion of the sale, the chief executive officer now directly owns 22,669 shares of the company’s stock, valued at approximately $72,221,620.48. The disclosure for this sale can be found here. Insiders have sold a total of 11,015 shares of company stock worth $35,023,769 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMG. TD Cowen increased their price target on Chipotle Mexican Grill from $3,500.00 to $3,600.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Oppenheimer upped their price target on shares of Chipotle Mexican Grill from $3,300.00 to $3,485.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $3,358.00 to $3,369.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Robert W. Baird restated an “outperform” rating and issued a $3,500.00 price target on shares of Chipotle Mexican Grill in a research note on Friday. Finally, Barclays increased their price objective on Chipotle Mexican Grill from $2,400.00 to $2,865.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,201.19.

Get Our Latest Research Report on CMG

About Chipotle Mexican Grill

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report).

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.