Teamwork Financial Advisors LLC Makes New Investment in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teamwork Financial Advisors LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,028 shares of the restaurant operator’s stock, valued at approximately $8,802,000. Chipotle Mexican Grill accounts for 1.4% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMG. Evermay Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 1.8% in the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after buying an additional 4 shares during the last quarter. Peloton Wealth Strategists raised its position in shares of Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after acquiring an additional 4 shares in the last quarter. Diversified Trust Co lifted its stake in Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after purchasing an additional 4 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Chipotle Mexican Grill by 9.8% in the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after purchasing an additional 4 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased its stake in Chipotle Mexican Grill by 5.2% in the fourth quarter. Horizon Bancorp Inc. IN now owns 101 shares of the restaurant operator’s stock valued at $231,000 after purchasing an additional 5 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded up $0.18 during trading hours on Thursday, hitting $61.58. The company’s stock had a trading volume of 12,651,785 shares, compared to its average volume of 20,127,296. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The business’s 50-day moving average is $127.98 and its two-hundred day moving average is $78.53. The company has a market capitalization of $84.57 billion, a PE ratio of 65.71, a PEG ratio of 2.45 and a beta of 1.24.

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

Insiders Place Their Bets

In other news, insider Roger E. Theodoredis sold 125,450 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the sale, the insider now owns 54,250 shares of the company’s stock, valued at approximately $3,433,417.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 320,300 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $63.72, for a total transaction of $20,409,003.52. Following the completion of the transaction, the chief executive officer now directly owns 1,133,450 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger E. Theodoredis sold 125,450 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were 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 in the company, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is owned by company insiders.

Analyst Ratings Changes

CMG has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Chipotle Mexican Grill from $54.00 to $65.40 and gave the stock a “buy” rating in a research report on Thursday, April 11th. BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $48.00 to $57.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Robert W. Baird lifted their target price on Chipotle Mexican Grill from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. UBS Group upped their target price on Chipotle Mexican Grill from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Morgan Stanley raised their price target on Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $64.29.

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.