Chipotle Mexican Grill, Inc. $CMG Shares Sold by Broadleaf Partners LLC

Key Points

• Broadleaf Partners LLC reduced its stake in Chipotle Mexican Grill by 19.0% in the first quarter, now holding 145,742 shares valued at approximately $7.3 million.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle stock for over $5.6 million, reducing their position by 50.91%.
• Analysts have adjusted their ratings and price targets on Chipotle, with some reducing the target to as low as $54.00 while the average consensus target price stands at $60.22.

Broadleaf Partners LLC decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 19.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 145,742 shares of the restaurant operator's stock after selling 34,280 shares during the period. Chipotle Mexican Grill comprises about 1.9% of Broadleaf Partners LLC's holdings, making the stock its 19th largest holding. Broadleaf Partners LLC's holdings in Chipotle Mexican Grill were worth $7,318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares in the last quarter. Csenge Advisory Group increased its holdings in Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares in the last quarter. Money Concepts Capital Corp increased its holdings in Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after buying an additional 221 shares in the last quarter. Northwest Bank & Trust Co increased its stake 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 in the last quarter. Finally, Covestor Ltd increased its stake in shares of Chipotle Mexican Grill by 5.3% during the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after purchasing an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on 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 approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Down 0.5%

Chipotle Mexican Grill stock traded down $0.23 during mid-day trading on Tuesday, reaching $42.52. 18,585,710 shares of the company's stock were exchanged, compared to its average volume of 14,211,598. The company has a market cap of $57.01 billion, a P/E ratio of 37.96, a P/E/G ratio of 2.22 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a twelve month low of $41.18 and a twelve month high of $66.74. The company has a fifty day moving average of $49.40 and a 200-day moving average of $50.43.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (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 analyst estimates of $3.11 billion. During the same period in the prior year, the business earned $0.34 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the subject of several research reports. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. TD Cowen dropped their price objective on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Guggenheim dropped their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Finally, Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.22.

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.