Gulf International Bank UK Ltd Reduces Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Chipotle Mexican Grill by 26.5% in the first quarter, now owning 79,346 shares valued at approximately $3.98 million.
• Chipotle's recent stock performance showed a trading volume of 22.8 million shares, with a market cap of $57.79 billion and a P/E ratio of 38.48.
• Various institutional investors have increased their stakes in Chipotle, with Goldman Sachs marking a notable increase of 98.1% in the first quarter.

Gulf International Bank UK Ltd cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 26.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,346 shares of the restaurant operator's stock after selling 28,637 shares during the quarter. Gulf International Bank UK Ltd's holdings in Chipotle Mexican Grill were worth $3,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $25,000. HighMark Wealth Management LLC increased its position in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after buying an additional 371 shares during the last quarter. North Capital Inc. purchased a new stake in Chipotle Mexican Grill in the first quarter worth $30,000. ORG Wealth Partners LLC purchased a new stake in Chipotle Mexican Grill in the first quarter worth $31,000. Finally, Mechanics Financial Corp bought a new position in shares of Chipotle Mexican Grill in the first quarter worth $38,000. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 value of $5,659,587.50. Following the completion of the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMG. TD Securities reaffirmed a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Guggenheim dropped their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Loop Capital dropped their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley dropped their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Eight investment 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 data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $60.22.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded up $0.87 during trading hours on Friday, hitting $44.04. The stock had a trading volume of 19,039,548 shares, compared to its average volume of 14,187,636. Chipotle Mexican Grill, Inc. has a one year low of $41.18 and a one year high of $66.74. The stock's 50-day moving average price is $50.54 and its two-hundred day moving average price is $51.25. The stock has a market capitalization of $59.05 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 2.21 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.