Artemis Investment Management LLP Acquires Shares of 5,735 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Artemis Investment Management LLP bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,735 shares of the restaurant operator’s stock, valued at approximately $16,662,000.

Other large investors have also made changes to their positions in the company. Steph & Co. purchased a new position in Chipotle Mexican Grill during the first quarter worth about $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $32,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $37,000. ICA Group Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $37,000. Finally, Keener Financial Planning LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $43,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CMG shares. StockNews.com upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Chipotle Mexican Grill from $65.70 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. TD Cowen decreased their target price on shares of Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group lifted their price target on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $48.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.29.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $62.83 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The firm has a market cap of $86.29 billion, a price-to-earnings ratio of 66.84, a PEG ratio of 2.62 and a beta of 1.25. The stock’s 50-day moving average is $127.77 and its two-hundred day moving average is $77.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. 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, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.32, for a total value of $3,166,010.00. Following the transaction, the director now directly owns 1,362,500 shares in the company, valued at $86,273,772.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Roger E. Theodoredis sold 125,450 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the sale, the insider now directly owns 54,250 shares of the company’s stock, valued at $3,433,417.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the transaction, the director now owns 1,362,500 shares in the company, valued at $86,273,772.50. The disclosure for this sale can be found here. Insiders sold a total of 550,750 shares of company stock worth $35,023,769 in the last 90 days. Company insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.