Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 90.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,120 shares of the restaurant operator's stock after selling 10,855 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Chipotle Mexican Grill were worth $56,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $25,000. HighMark Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the period. North Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $30,000. ORG Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $38,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMG has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI lowered their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Barclays lifted their price target on Chipotle Mexican Grill from $52.00 to $54.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Finally, Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target on the stock. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.25.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Trading Down 0.7%

CMG opened at $56.00 on Monday. The stock has a market cap of $75.45 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 2.78 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The stock has a fifty day moving average price of $52.58 and a 200 day moving average price of $53.06.

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

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