APG Asset Management N.V. Trims Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• APG Asset Management N.V. reduced its stake in Chipotle Mexican Grill by 5.7%, selling 55,752 shares and now owns 930,216 shares valued at approximately $43.24 million.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle for about $5.66 million, marking a significant decrease in their ownership.
• Chipotle reported quarterly earnings with an EPS of $0.33, exceeding estimates, although revenue fell short at $3.06 billion compared to expectations.

APG Asset Management N.V. decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 930,216 shares of the restaurant operator's stock after selling 55,752 shares during the quarter. APG Asset Management N.V. owned approximately 0.07% of Chipotle Mexican Grill worth $43,238,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $25,000. HighMark Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the period. North Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Analyst Ratings Changes

CMG has been the topic of several research analyst reports. TD Cowen dropped their target price on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Truist Financial lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Finally, Barclays lowered their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is owned by company insiders.

Chipotle Mexican Grill Trading Down 0.5%

CMG stock traded down $0.23 during trading on Tuesday, reaching $42.52. 18,585,710 shares of the stock were exchanged, compared to its average volume of 14,211,598. The business has a 50 day moving average price of $49.40 and a 200-day moving average price of $50.43. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The firm has a market capitalization of $57.01 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.22 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.