Fox Hill Wealth Management Has $529,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Fox Hill Wealth Management has reduced its stake in Chipotle Mexican Grill by 51.2%, owning 10,527 shares valued at $529,000 following the sale of 11,037 shares.
• Analysts have set various price targets for Chipotle stock, with KeyCorp lowering their objective from $60 to $58 while Citigroup reduced theirs from $68 to $62, indicating a moderate outlook with an average target price of $60.61.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle stock, resulting in a 50.91% decrease in his holdings, prompting a disclosure to the SEC.

Fox Hill Wealth Management trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 51.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,527 shares of the restaurant operator's stock after selling 11,037 shares during the period. Fox Hill Wealth Management's holdings in Chipotle Mexican Grill were worth $529,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth about $25,000. HighMark Wealth Management LLC lifted its position in Chipotle Mexican Grill by 173.4% in 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 last quarter. North Capital Inc. bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $30,000. ORG Wealth Partners LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $31,000. Finally, Mechanics Financial Corp bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $38,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.9%

Shares of Chipotle Mexican Grill stock traded down $0.38 during trading on Thursday, hitting $43.10. The stock had a trading volume of 22,806,071 shares, compared to its average volume of 14,155,728. The stock has a 50 day simple moving average of $50.73 and a 200 day simple moving average of $51.35. The company has a market capitalization of $57.79 billion, a PE ratio of 38.48, a P/E/G ratio of 2.18 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMG. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Melius began coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective on the stock. KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Raymond James Financial restated an "outperform" rating and set a $60.00 price target (down from $62.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.61.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 109,815 shares in the company, 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 SEC, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company's stock.

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.