Duncker Streett & Co. Inc. Sells 19,969 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Duncker Streett & Co. Inc. reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 28.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,319 shares of the restaurant operator's stock after selling 19,969 shares during the quarter. Duncker Streett & Co. Inc.'s holdings in Chipotle Mexican Grill were worth $2,476,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in Chipotle Mexican Grill by 29.5% during 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 purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after acquiring an additional 395,053 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Chipotle Mexican Grill by 0.8% in the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the last quarter. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $1,093,345,000. Finally, Northern Trust Corp lifted its holdings in shares of Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after acquiring an additional 1,438,860 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMG. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.71.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company'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 transaction, the insider now owns 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Down 1.6%

Shares of NYSE:CMG traded down $0.89 during midday trading on Thursday, reaching $54.25. The company's stock had a trading volume of 13,119,295 shares, compared to its average volume of 12,955,680. The firm has a 50 day moving average of $51.10 and a 200-day moving average of $53.73. The firm has a market capitalization of $73.09 billion, a P/E ratio of 48.01, a PEG ratio of 2.73 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74.

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