First Affirmative Financial Network Makes New $203,000 Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Affirmative Financial Network acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 70 shares of the restaurant operator’s stock, valued at approximately $203,000.

Several other large investors also recently modified their holdings of CMG. QRG Capital Management Inc. acquired a new position in Chipotle Mexican Grill during the third quarter worth $595,000. Envestnet Portfolio Solutions Inc. acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $1,819,000. V Square Quantitative Management LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $169,000. LPL Financial LLC grew its stake in Chipotle Mexican Grill by 82.3% during the third quarter. LPL Financial LLC now owns 17,940 shares of the restaurant operator’s stock worth $32,863,000 after buying an additional 8,097 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of Chipotle Mexican Grill by 75.7% during the third quarter. Ontario Teachers Pension Plan Board now owns 989 shares of the restaurant operator’s stock worth $1,812,000 after buying an additional 426 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent analyst reports. Stephens raised their price target on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Wedbush restated a “neutral” rating and issued a $3,200.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, June 17th. Wells Fargo & Company upped their target price on shares of Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Stifel Nicolaus raised their price target on shares of Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Oppenheimer boosted their price objective 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. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,201.19.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $3,210.49 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $1,768.64 and a 52-week high of $3,463.07. The stock has a market cap of $88.19 billion, a PE ratio of 68.51, a P/E/G ratio of 2.56 and a beta of 1.25. The firm has a 50-day moving average of $3,140.00 and a 200-day moving average of $2,751.63.

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

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping analysts’ consensus estimates of $11.63 by $1.74. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 55.31 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In related news, Director Albert S. Baldocchi sold 1,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the transaction, the director now owns 27,250 shares in the company, valued at $86,273,772.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 6,406 shares of the company’s 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 directly owns 22,669 shares in the company, valued at $72,221,620.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the completion of the transaction, the director now owns 27,250 shares in the company, valued at approximately $86,273,772.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,015 shares of company stock valued at $35,023,769. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill 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.