Cetera Investment Advisers lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,511 shares of the restaurant operator's stock after selling 62,259 shares during the quarter. Cetera Investment Advisers' holdings in Chipotle Mexican Grill were worth $19,758,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Csenge Advisory Group grew its holdings in shares of Chipotle Mexican Grill by 5.0% during the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after purchasing an additional 220 shares during the last quarter. Money Concepts Capital Corp grew its holdings in shares of Chipotle Mexican Grill by 3.0% during the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after purchasing an additional 221 shares during the last quarter. Northwest Bank & Trust Co grew its holdings in shares of Chipotle Mexican Grill by 0.5% during the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after purchasing an additional 236 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Chipotle Mexican Grill by 2.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock valued at $488,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.
Insider Activity at Chipotle Mexican Grill
In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated 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 sale, the insider owned 109,815 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by insiders.
Chipotle Mexican Grill Stock Performance
Shares of Chipotle Mexican Grill stock traded down $0.60 during trading on Wednesday, reaching $43.78. 28,376,404 shares of the company's stock were exchanged, compared to its average volume of 13,798,860. Chipotle Mexican Grill, Inc. has a 1-year low of $43.63 and a 1-year high of $66.74. The company has a market cap of $58.99 billion, a P/E ratio of 39.09, a PEG ratio of 2.28 and a beta of 1.08. The firm's 50-day moving average price is $52.46 and its 200 day moving average price is $52.41.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The business's revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.
Wall Street Analyst Weigh In
CMG has been the topic of a number of recent analyst reports. Melius initiated coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 target price on the stock. Evercore ISI reduced their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Loop Capital reduced their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. TD Cowen dropped their price target on 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. Finally, Royal Bank Of Canada dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.71.
Check Out Our Latest Stock Report on CMG
Chipotle Mexican Grill Company Profile
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Free Report)
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.
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