Aviance Capital Partners LLC Purchases New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Aviance Capital Partners LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 500 shares of the restaurant operator’s stock, valued at approximately $1,453,000.

A number of other large investors also recently added to or reduced their stakes in the business. Steph & Co. bought a new stake in Chipotle Mexican Grill in the first quarter valued at about $29,000. Fortitude Family Office LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $32,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $37,000. ICA Group Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $37,000. Finally, Keener Financial Planning LLC bought a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $43,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on CMG. Wedbush reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, June 17th. TD Cowen dropped their price objective on Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Morgan Stanley boosted their target price on Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. KeyCorp raised their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus boosted their price objective on Chipotle Mexican Grill from $54.00 to $65.40 and gave the company a “buy” rating in a research report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $64.29.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, COO Scott Boatwright sold 55,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the transaction, the chief operating officer now directly owns 120,600 shares in the company, valued at $7,694,665.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Scott Boatwright sold 55,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.80, for a total transaction of $3,509,176.00. Following the completion of the sale, the chief operating officer now owns 120,600 shares in the company, valued at $7,694,665.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Roger E. Theodoredis sold 125,450 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.29, for a total value of $7,939,579.96. Following the transaction, the insider now owns 54,250 shares in the company, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 550,750 shares of company stock worth $35,023,769. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $61.81 on Tuesday. The company’s 50-day moving average is $127.77 and its 200-day moving average is $78.43. The firm has a market capitalization of $84.89 billion, a PE ratio of 65.95, a P/E/G ratio of 2.49 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.