Meiji Yasuda Life Insurance Co trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 61.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120 shares of the restaurant operator’s stock after selling 189 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Chipotle Mexican Grill were worth $205,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $26,000. Addison Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 350.0% in the 1st quarter. Addison Advisors LLC now owns 18 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 14 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Chipotle Mexican Grill by 90.0% during the 1st quarter. Benjamin Edwards Inc. now owns 19 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 9 shares during the last quarter. Elequin Securities LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $28,000. Finally, Heritage Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 20 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 10 shares during the last quarter. 91.91% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CMG shares. Guggenheim raised their price target on Chipotle Mexican Grill from $1,550.00 to $1,950.00 and gave the stock a “neutral” rating in a research note on Friday, July 14th. Wedbush decreased their price target on Chipotle Mexican Grill from $2,300.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. TD Cowen decreased their price target on Chipotle Mexican Grill from $2,350.00 to $2,200.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Bank of America raised their price target on Chipotle Mexican Grill from $2,200.00 to $2,570.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $2,025.00 to $2,010.00 in a report on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,139.72.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $1,848.54 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $1,344.05 and a 1-year high of $2,175.01. The stock’s fifty day moving average price is $2,018.79 and its 200 day moving average price is $1,863.44. The company has a market cap of $51.00 billion, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.31.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 earnings per share for the quarter, topping the consensus estimate of $12.25 by $0.40. Chipotle Mexican Grill had a return on equity of 45.85% and a net margin of 12.00%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the business earned $9.30 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 43.06 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,078 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $2,058.13, for a total transaction of $2,218,664.14. Following the completion of the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at approximately $48,051,161.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,078 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $2,058.13, for a total transaction of $2,218,664.14. Following the completion of the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at approximately $48,051,161.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,086 shares of Chipotle Mexican Grill stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total value of $2,321,868.00. Following the sale, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $49,915,886. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,332 shares of company stock valued at $6,830,885. 0.96% of the stock is owned by company insiders.

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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