Dillon & Associates Inc. Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dillon & Associates Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.2% in the first quarter, HoldingsChannel.com reports. The fund owned 273,396 shares of the restaurant operator’s stock after purchasing an additional 15,915 shares during the period. Chipotle Mexican Grill accounts for 2.0% of Dillon & Associates Inc.’s holdings, making the stock its 15th largest position. Dillon & Associates Inc.’s holdings in Chipotle Mexican Grill were worth $13,670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 worth $290,000 after buying an additional 214 shares during the period. Csenge Advisory Group increased its position in Chipotle Mexican Grill by 5.0% during the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator’s stock worth $222,000 after buying an additional 220 shares during the period. Money Concepts Capital Corp increased its position in Chipotle Mexican Grill by 3.0% during the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator’s stock worth $376,000 after buying an additional 221 shares during the period. Northwest Bank & Trust Co increased its position in Chipotle Mexican Grill by 0.5% during the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator’s stock worth $2,788,000 after buying an additional 236 shares during the period. Finally, Covestor Ltd grew its stake in shares of Chipotle Mexican Grill by 5.3% in the 1st quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator’s stock valued at $240,000 after purchasing an additional 242 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. KeyCorp decreased their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. UBS Group lifted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Stephens restated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. Argus downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Finally, Barclays decreased their price target on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.71.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.9%

NYSE CMG opened at $41.47 on Monday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $41.43 and a fifty-two week high of $66.74. The stock has a market cap of $55.61 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05. The business has a fifty day moving average of $51.21 and a 200-day moving average of $51.57.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.