Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Lessened by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Chipotle Mexican Grill by 11.9%, owning a total of 3,901,415 shares worth approximately $195.89 million after selling 525,990 shares in the first quarter.
• Analysts have mixed views on Chipotle, with Argus downgrading the stock from "buy" to "hold," while UBS raised their price target from $60.00 to $65.00 and maintained a "buy" rating.
• Insider Roger E. Theodoredis sold over 113,000 shares at an average price of $49.70, resulting in a 50.91% decrease in his ownership of the stock.

Deutsche Bank AG lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,901,415 shares of the restaurant operator's stock after selling 525,990 shares during the period. Deutsche Bank AG owned 0.29% of Chipotle Mexican Grill worth $195,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares during the last quarter. Csenge Advisory Group increased its holdings in Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after buying an additional 220 shares during the last quarter. Money Concepts Capital Corp increased its holdings in Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after buying an additional 221 shares during the last quarter. Northwest Bank & Trust Co increased its holdings in Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after buying an additional 236 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Chipotle Mexican Grill by 2.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock worth $488,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

CMG has been the topic of several analyst reports. Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. UBS Group increased their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Melius initiated coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price target on the stock. Piper Sandler increased their price target on Chipotle Mexican Grill from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Stephens reiterated an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Nine investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.71.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 transaction, the insider 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Down 2.9%

Shares of NYSE CMG opened at $41.47 on Friday. The firm has a market capitalization of $55.61 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 1 year low of $41.43 and a 1 year high of $66.74. The firm's 50-day moving average is $51.21 and its 200-day moving average is $51.64.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.