Stratos Wealth Partners LTD. Trims Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Stratos Wealth Partners LTD. decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $25,000. HighMark Wealth Management LLC boosted its holdings 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 acquiring an additional 371 shares in the last quarter. North Capital Inc. acquired a new stake in Chipotle Mexican Grill in the first quarter worth about $30,000. ORG Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill in the first quarter worth about $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $38,000. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In other Chipotle Mexican Grill 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 value of $5,659,587.50. Following the sale, the insider owned 109,815 shares in the company, valued at $5,457,805.50. The trade was 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 available through the SEC website. 0.81% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.41 during trading on Friday, reaching $56.00. The stock had a trading volume of 8,261,739 shares, compared to its average volume of 12,682,812. The business has a fifty day moving average price of $52.49 and a 200-day moving average price of $53.22. The stock has a market cap of $75.45 billion, a PE ratio of 49.56, a PEG ratio of 2.77 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.

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 for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The company 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%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.37 earnings per share. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. UBS Group reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Evercore ISI reduced their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Citigroup raised their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, KeyCorp reduced their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Nine 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.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $61.25.

About Chipotle Mexican Grill

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.