Axxcess Wealth Management LLC Trims Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Axxcess Wealth Management LLC reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 43.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,694 shares of the restaurant operator's stock after selling 9,763 shares during the period. Axxcess Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $637,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMG. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $1,093,345,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Chipotle Mexican Grill by 4,138,574.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after acquiring an additional 8,318,534 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 114.2% in the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after acquiring an additional 4,790,464 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Chipotle Mexican Grill by 2,145.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after purchasing an additional 3,038,460 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Evercore ISI decreased their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Redburn Atlantic began coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target for the company. Finally, Citigroup increased their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday. 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.25.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on 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 transaction, the insider owned 109,815 shares in the company, 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 SEC, which is available through the SEC website. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Down 0.7%

Shares of CMG traded down $0.41 during midday trading on Friday, reaching $56.00. 8,282,822 shares of the company were exchanged, compared to its average volume of 12,674,862. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74. The stock has a 50-day moving average price of $52.58 and a 200-day moving average price of $53.12. The company has a market cap of $75.45 billion, a price-to-earnings ratio of 49.56, a P/E/G ratio of 2.77 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company posted $13.37 EPS. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.