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Wedbush Securities Inc. Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chipotle Mexican Grill logo with Retail/Wholesale background

Wedbush Securities Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,510 shares of the restaurant operator's stock after acquiring an additional 9,147 shares during the quarter. Wedbush Securities Inc.'s holdings in Chipotle Mexican Grill were worth $2,486,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $25,000. HighMark Wealth Management LLC grew its holdings 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 period. North Capital Inc. acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $30,000. ORG Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on CMG shares. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. KeyCorp decreased their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday. TD Cowen decreased their target price on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Citigroup reduced their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday. Nine research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.10.

Get Our Latest Report on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Down 13.3%

CMG traded down $7.04 on Thursday, hitting $45.74. 77,684,078 shares of the company were exchanged, compared to its average volume of 12,293,414. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 2.64 and a beta of 1.08. The firm has a 50-day moving average price of $52.86 and a two-hundred day moving average price of $52.70.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.32% and a net margin of 13.32%. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the previous year, the firm posted $0.34 EPS. Chipotle Mexican Grill's revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 completion of the sale, the insider directly owned 109,815 shares of the company's stock, valued at $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 available at this link. 0.81% of the stock is owned by company insiders.

Chipotle Mexican Grill Profile

(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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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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