Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 80.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,661 shares of the restaurant operator's stock after selling 46,644 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Chipotle Mexican Grill were worth $585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vinva Investment Management Ltd increased its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after acquiring an additional 21,864 shares during the last quarter. Community Trust & Investment Co. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth about $7,773,000. Headlands Technologies LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $488,000. Valicenti Advisory Services Inc. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth about $3,317,000. Finally, Interval Partners LP bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $51,811,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.7%

Shares of CMG traded down $0.41 during mid-day trading on Friday, hitting $56.00. The company's stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,680,253. The company's 50-day moving average is $52.58 and its 200-day moving average is $53.18. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $66.74. The firm has a market capitalization of $75.45 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 2.79 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMG. Stephens restated an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a report on Monday, June 9th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Nine 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.25.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by company insiders.

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.