Left Brain Wealth Management LLC Cuts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Left Brain Wealth Management LLC lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 10.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 42,967 shares of the restaurant operator's stock after selling 4,781 shares during the quarter. Left Brain Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $2,157,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Money Concepts Capital Corp raised its position in Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after acquiring an additional 221 shares in the last quarter. SlateStone Wealth LLC raised its position in Chipotle Mexican Grill by 3.4% in the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock worth $434,000 after acquiring an additional 235 shares in the last quarter. Northwest Bank & Trust Co raised its position in Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in Chipotle Mexican Grill by 2.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock worth $488,000 after acquiring an additional 243 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on CMG shares. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. Loop Capital lowered their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Truist Financial upped their target price on Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday. Piper Sandler lowered their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird upped their target price on Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Nine 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $0.41 during mid-day trading on Friday, reaching $56.00. The company's stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,674,862. The company's fifty day simple moving average is $52.58 and its two-hundred day simple moving average is $53.12. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The stock has a market cap of $75.45 billion, a P/E 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 issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the company earned $13.37 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's 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 transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Chipotle Mexican Grill 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.