Stratos Wealth Partners LTD. trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,037 shares of the restaurant operator's stock after selling 13,602 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Chipotle Mexican Grill were worth $7,282,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Vinva Investment Management Ltd lifted its stake in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after purchasing an additional 21,864 shares in the last quarter. Community Trust & Investment Co. purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $7,773,000. Headlands Technologies LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $488,000. Valicenti Advisory Services Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $3,317,000. Finally, Interval Partners LP purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $51,811,000. 91.31% of the stock is owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Trading Down 0.7%
NYSE:CMG traded down $0.41 during trading hours on Friday, hitting $56.00. The company's stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,680,253. The stock has a market capitalization of $75.45 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 2.79 and a beta of 1.08. The stock has a fifty day moving average of $52.58 and a 200-day moving average of $53.18. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week 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 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $13.37 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on 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 owned 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Stifel Nicolaus reduced their price target on shares of 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. UBS Group reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays lifted their price target on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $61.25.
Check Out Our Latest Analysis on Chipotle Mexican Grill
About Chipotle Mexican Grill
(
Free Report)
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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