Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by PFG Investments LLC

PFG Investments LLC decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,003 shares of the restaurant operator's stock after selling 9,746 shares during the period. PFG Investments LLC's holdings in Chipotle Mexican Grill were worth $1,306,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMG. Rockline Wealth Management LLC raised its position in Chipotle Mexican Grill by 7.0% in the 1st quarter. Rockline Wealth Management LLC now owns 56,377 shares of the restaurant operator's stock valued at $2,831,000 after purchasing an additional 3,694 shares during the last quarter. Carr Financial Group Corp boosted its stake in Chipotle Mexican Grill by 9.5% during the 1st quarter. Carr Financial Group Corp now owns 4,973 shares of the restaurant operator's stock worth $250,000 after purchasing an additional 430 shares during the period. Congress Park Capital LLC boosted its stake in Chipotle Mexican Grill by 22.4% during the 1st quarter. Congress Park Capital LLC now owns 11,600 shares of the restaurant operator's stock worth $582,000 after purchasing an additional 2,125 shares during the period. Advisor Resource Council acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $928,000. Finally, L.M. Kohn & Company boosted its stake in Chipotle Mexican Grill by 2.3% during the 1st quarter. L.M. Kohn & Company now owns 13,549 shares of the restaurant operator's stock worth $680,000 after purchasing an additional 304 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 1.9%

Shares of CMG traded up $0.98 during trading hours on Friday, reaching $52.81. The company had a trading volume of 16,802,606 shares, compared to its average volume of 13,092,788. The firm has a 50 day simple moving average of $50.63 and a 200-day simple moving average of $53.94. The company has a market capitalization of $71.15 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 2.62 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 posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $13.37 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on CMG shares. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, TD Securities reiterated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday. Ten 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 MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $60.79.

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.