Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Cut by Tobam

Tobam lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,628 shares of the restaurant operator's stock after selling 5,486 shares during the period. Chipotle Mexican Grill makes up about 1.7% of Tobam's investment portfolio, making the stock its 16th biggest position. Tobam's holdings in Chipotle Mexican Grill were worth $3,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CMG. Union Bancaire Privee UBP SA acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $32,742,000. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Empowered Funds LLC now owns 25,092 shares of the restaurant operator's stock worth $1,513,000 after acquiring an additional 3,087 shares during the period. Stephens Inc. AR grew its holdings in shares of Chipotle Mexican Grill by 53.6% in the 4th quarter. Stephens Inc. AR now owns 9,097 shares of the restaurant operator's stock worth $549,000 after acquiring an additional 3,173 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of Chipotle Mexican Grill by 45.0% in the 4th quarter. Savant Capital LLC now owns 29,672 shares of the restaurant operator's stock worth $1,789,000 after acquiring an additional 9,202 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.65 during trading hours on Friday, hitting $50.24. The company had a trading volume of 9,303,828 shares, compared to its average volume of 13,401,517. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market capitalization of $67.70 billion, a price-to-earnings ratio of 45.26, a P/E/G ratio of 2.04 and a beta of 1.06. The firm's 50 day moving average is $50.38 and its 200 day moving average is $54.28.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm earned $13.37 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated 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 now owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Stifel Nicolaus lowered their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Piper Sandler lowered their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Barclays lowered their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Ten 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.37.

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.