Cambridge Investment Research Advisors Inc. Sells 40,373 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cambridge Investment Research Advisors Inc. cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 225,243 shares of the restaurant operator's stock after selling 40,373 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Chipotle Mexican Grill were worth $11,309,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CMG. Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $315,220,000. 91.31% of the stock is currently owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider now owns 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. UBS Group dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Ten research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.79.

Chipotle Mexican Grill Stock Up 0.8%

Shares of CMG stock traded up $0.46 during mid-day trading on Wednesday, reaching $55.11. 10,435,325 shares of the company's stock traded hands, compared to its average volume of 13,056,204. The company's 50-day moving average price is $50.83 and its 200-day moving average price is $53.79. The company has a market cap of $74.25 billion, a P/E ratio of 48.77, a P/E/G ratio of 2.67 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.37 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.