Northern Trust Corp cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 14,354,444 shares of the restaurant operator's stock after selling 88,641 shares during the period. Northern Trust Corp owned about 1.07% of Chipotle Mexican Grill worth $720,737,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $25,000. HighMark Wealth Management LLC boosted its position in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares during the last quarter. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the first quarter worth about $30,000. ORG Wealth Partners LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $45,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Barclays lowered their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Raymond James Financial lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Finally, Stephens reissued an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $60.22.
Read Our Latest Report on Chipotle Mexican Grill
Insider Transactions at Chipotle Mexican Grill
In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company's stock.
Chipotle Mexican Grill Trading Down 0.3%
CMG traded down $0.1470 on Thursday, hitting $42.9230. The company had a trading volume of 11,169,916 shares, compared to its average volume of 14,213,932. The firm has a market cap of $57.56 billion, a P/E ratio of 38.32, a PEG ratio of 2.20 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The company's fifty day moving average price is $49.89 and its 200 day moving average price is $50.84.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.
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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