Global Wealth Management Investment Advisory Inc. Purchases 14,143 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Global Wealth Management Investment Advisory Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 44.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,931 shares of the restaurant operator’s stock after acquiring an additional 14,143 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Chipotle Mexican Grill were worth $2,306,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill in the fourth quarter worth $315,220,000. Vinva Investment Management Ltd boosted its position in shares of Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares in the last quarter. Community Trust & Investment Co. purchased a new position in Chipotle Mexican Grill during the 1st quarter worth $7,773,000. Headlands Technologies LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $488,000. Finally, Valicenti Advisory Services Inc. acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at about $3,317,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.7%

CMG stock opened at $57.16 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The business’s 50-day moving average is $51.97 and its 200 day moving average is $53.43. The stock has a market cap of $77.01 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 2.81 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $13.37 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMG. JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Robert W. Baird lifted their price objective on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Loop Capital reduced their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Argus downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $60.93.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% 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.