Park Avenue Securities LLC Buys 49 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Park Avenue Securities LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618 shares of the restaurant operator’s stock after acquiring an additional 49 shares during the period. Park Avenue Securities LLC’s holdings in Chipotle Mexican Grill were worth $1,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CMG. Vanguard Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after purchasing an additional 23,151 shares in the last quarter. Capital World Investors boosted its stake in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after purchasing an additional 8,541 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 3.5% during the third quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock valued at $732,552,000 after purchasing an additional 13,482 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Chipotle Mexican Grill by 41.6% during the third quarter. Wellington Management Group LLP now owns 397,182 shares of the restaurant operator’s stock valued at $727,570,000 after purchasing an additional 116,723 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $805,529,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $3,210.49 on Monday. The firm has a fifty day moving average price of $3,140.00 and a 200 day moving average price of $2,755.44. Chipotle Mexican Grill, Inc. has a 1 year low of $1,768.64 and a 1 year high of $3,463.07. The stock has a market cap of $88.18 billion, a PE ratio of 68.51, a price-to-earnings-growth ratio of 2.56 and a beta of 1.25.

Chipotle Mexican Grill shares are set to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 55.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Robert W. Baird reiterated an “outperform” rating and set a $3,500.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $3,300.00 to $3,485.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $3,440.00 to $3,520.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Stephens increased their target price on shares of Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company increased their target price on shares of Chipotle Mexican Grill from $3,285.00 to $3,300.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,201.19.

Insider Activity

In other news, insider Roger E. Theodoredis sold 2,509 shares of Chipotle Mexican Grill stock in a transaction dated 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 sale, the insider now owns 1,085 shares in the company, valued at $3,433,417.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated 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 sale, 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 SEC, which can be accessed through the SEC website. Also, insider Roger E. Theodoredis sold 2,509 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total transaction of $7,939,579.96. Following the completion of the transaction, the insider now directly owns 1,085 shares in the company, valued at $3,433,417.40. 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 over the last 90 days. 1.02% of the stock is currently owned by company insiders.

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.