Beam Wealth Advisors Inc. Has $903,000 Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Beam Wealth Advisors Inc. reduced its stake in Chipotle Mexican Grill by 37.5%, now holding 17,977 shares valued at approximately $903,000.
• Several hedge funds increased their positions in Chipotle during the first quarter, with the Ontario Teachers Pension Plan boosting its holdings by 173.6% to own 30,814 shares.
• Chipotle Mexican Grill reported $0.33 earnings per share for the most recent quarter, slightly beating analysts' expectations of $0.32.

Beam Wealth Advisors Inc. cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,977 shares of the restaurant operator's stock after selling 10,799 shares during the quarter. Beam Wealth Advisors Inc.'s holdings in Chipotle Mexican Grill were worth $903,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMG. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after acquiring an additional 279,267 shares in the last quarter. Rathbones Group PLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $208,000. Advisory Services Network LLC boosted its stake in shares of Chipotle Mexican Grill by 49.3% during the 4th quarter. Advisory Services Network LLC now owns 36,043 shares of the restaurant operator's stock worth $2,173,000 after acquiring an additional 11,902 shares in the last quarter. Finally, F M Investments LLC grew its holdings in shares of Chipotle Mexican Grill by 11.2% during the fourth quarter. F M Investments LLC now owns 126,787 shares of the restaurant operator's stock valued at $7,645,000 after buying an additional 12,817 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Raymond James Financial reissued an "outperform" rating and set a $60.00 price objective (down previously from $62.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Morgan Stanley cut their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Melius began coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 price target for the company. Finally, TD Cowen cut their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $60.71.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $1.22 during trading hours on Friday, reaching $41.47. The company had a trading volume of 22,568,844 shares, compared to its average volume of 21,007,966. The company has a 50 day moving average of $51.21 and a 200 day moving average of $51.64. The firm has a market cap of $55.61 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 1-year low of $41.43 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.