Salem Investment Counselors Inc. Grows Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Salem Investment Counselors Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23 shares of the restaurant operator’s stock after purchasing an additional 5 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Chipotle Mexican Grill were worth $67,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of Chipotle Mexican Grill by 82.3% in the 3rd quarter. LPL Financial LLC now owns 17,940 shares of the restaurant operator’s stock valued at $32,863,000 after acquiring an additional 8,097 shares during the period. Mariner LLC raised its position in Chipotle Mexican Grill by 4.8% in the third quarter. Mariner LLC now owns 3,616 shares of the restaurant operator’s stock valued at $6,624,000 after purchasing an additional 166 shares during the period. Personal CFO Solutions LLC lifted its stake in shares of Chipotle Mexican Grill by 6.1% during the third quarter. Personal CFO Solutions LLC now owns 122 shares of the restaurant operator’s stock worth $223,000 after purchasing an additional 7 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Chipotle Mexican Grill by 5.5% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 362 shares of the restaurant operator’s stock worth $663,000 after buying an additional 19 shares during the period. Finally, Natixis Advisors L.P. boosted its position in shares of Chipotle Mexican Grill by 3.4% in the third quarter. Natixis Advisors L.P. now owns 14,747 shares of the restaurant operator’s stock worth $27,014,000 after buying an additional 484 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 2,509 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total value of $7,939,579.96. Following the transaction, the insider now directly owns 1,085 shares in the company, valued at approximately $3,433,417.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Scott Boatwright sold 1,100 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,190.16, for a total value of $3,509,176.00. Following the transaction, the chief operating officer now directly owns 2,412 shares in the company, valued at approximately $7,694,665.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger E. Theodoredis sold 2,509 shares of Chipotle Mexican Grill 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 transaction, the insider now owns 1,085 shares in the company, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. Insiders have sold 11,015 shares of company stock worth $35,023,769 in the last three months. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of NYSE CMG opened at $3,210.49 on Monday. The stock’s 50 day simple moving average is $3,140.00 and its 200 day simple moving average is $2,755.44. The company has a market cap of $88.19 billion, a price-to-earnings ratio of 68.51, a price-to-earnings-growth ratio of 2.56 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 12-month low of $1,768.64 and a 12-month high of $3,463.07.

Chipotle Mexican Grill shares are set to split 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 market closes on Tuesday, June 25th.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CMG. Stephens boosted their price target on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup lifted their price target on shares of Chipotle Mexican Grill from $3,358.00 to $3,369.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised their target price on Chipotle Mexican Grill from $2,750.00 to $3,000.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Morgan Stanley boosted their price target on Chipotle Mexican Grill from $2,986.00 to $3,100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $3,201.19.

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.