Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Raised by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners Financial LLC increased its stake in Chipotle Mexican Grill by 20.2%, owning a total of 36,576 shares worth $1,836,000 after acquiring an additional 6,156 shares.
• Insider Roger E. Theodoredis sold 113,875 shares at an average price of $49.70, representing a 50.91% decrease in ownership.
• Chipotle's recent quarterly earnings showed a net margin of 13.32% with revenue of $3.06 billion, though it fell short of analyst expectations of $3.11 billion.

Cary Street Partners Financial LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 20.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,576 shares of the restaurant operator's stock after acquiring an additional 6,156 shares during the period. Cary Street Partners Financial LLC's holdings in Chipotle Mexican Grill were worth $1,836,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CMG. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $25,000. HighMark Wealth Management LLC lifted its holdings in 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 acquiring an additional 371 shares during the last quarter. North Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $31,000. Finally, Mechanics Financial Corp acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $38,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In other Chipotle Mexican Grill 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 transaction 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 sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $1.22 during trading hours on Friday, reaching $41.47. 22,568,844 shares of the company traded hands, compared to its average volume of 14,016,788. The firm's 50-day moving average is $51.39 and its 200-day moving average is $51.75. The stock has a market cap of $55.61 billion, a P/E 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 released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMG. Stephens reaffirmed an "equal weight" rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Guggenheim dropped their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Loop Capital lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $60.71.

Chipotle Mexican Grill 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.