Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,863 shares of the restaurant operator’s stock after selling 4 shares during the quarter. Jacobs & Co. CA’s holdings in Chipotle Mexican Grill were worth $5,416,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Global Assets Advisory LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at $167,256,000. Traynor Capital Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 65.6% in the 1st quarter. Traynor Capital Management Inc. now owns 346 shares of the restaurant operator’s stock valued at $1,006,000 after buying an additional 137 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Chipotle Mexican Grill by 7.4% in the 1st quarter. AdvisorNet Financial Inc now owns 130 shares of the restaurant operator’s stock valued at $378,000 after buying an additional 9 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $140,000. Finally, Steph & Co. purchased a new stake in Chipotle Mexican Grill in the first quarter valued at $29,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity

In related news, Director Albert S. Baldocchi sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction 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 Securities & Exchange Commission, which is accessible through this link. In related news, COO Scott Boatwright sold 55,000 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was 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 owns 120,600 shares in the company, valued at $7,694,665.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert S. Baldocchi sold 50,000 shares of Chipotle Mexican Grill stock in a transaction dated 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 completion of the transaction, the director now directly 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 valued at $35,023,769 over the last quarter. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG traded up $45.99 during midday trading on Tuesday, reaching $3,239.73. 86,200 shares of the company’s stock were exchanged, compared to its average volume of 258,037. The business’s 50-day moving average price is $3,145.08 and its 200 day moving average price is $2,762.23. The stock has a market capitalization of $89.00 billion, a PE ratio of 69.10, a P/E/G ratio of 2.55 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 1-year low of $1,768.64 and a 1-year high of $3,463.07.

Chipotle Mexican Grill’s stock is set to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 55.31 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of a number of research analyst reports. Stifel Nicolaus upped their target price 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. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group started coverage on shares of Chipotle Mexican Grill in a report on Thursday, June 13th. They issued a “buy” rating and a $74.60 target price for the company. BTIG Research raised their price target on Chipotle Mexican Grill from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Evercore ISI increased their price objective on Chipotle Mexican Grill from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.02.

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.