Western Wealth Management LLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,650 shares of the restaurant operator's stock after selling 9,485 shares during the period. Western Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $585,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CMG. Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $315,220,000. Vinva Investment Management Ltd grew its stake in shares of 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 valued at $3,910,000 after buying an additional 21,864 shares during the period. Community Trust & Investment Co. purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $7,773,000. Headlands Technologies LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $488,000. Finally, Interval Partners LP purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $51,811,000. Hedge funds and other institutional investors own 91.31% of the company's stock.
Insider Activity
In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on 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 sale, the insider now directly owns 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.81% of the company's stock.
Chipotle Mexican Grill Price Performance
Shares of CMG traded up $0.77 during midday trading on Friday, reaching $55.04. The stock had a trading volume of 14,968,245 shares, compared to its average volume of 12,901,744. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $66.74. The company's fifty day simple moving average is $51.23 and its two-hundred day simple moving average is $53.66. The company has a market cap of $74.15 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 2.69 and a beta of 1.06.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business earned $13.37 EPS. The company's revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CMG. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. TD Securities reaffirmed a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Finally, Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.71.
View Our Latest Research Report on CMG
Chipotle Mexican Grill Company Profile
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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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