Vontobel Holding Ltd. Sells 12,185 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vontobel Holding Ltd. reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,590 shares of the restaurant operator's stock after selling 12,185 shares during the period. Vontobel Holding Ltd.'s holdings in Chipotle Mexican Grill were worth $3,795,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after buying an additional 176 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Money Concepts Capital Corp boosted its position in Chipotle Mexican Grill by 3.0% during the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after purchasing an additional 221 shares during the last quarter. SlateStone Wealth LLC lifted its position in shares of Chipotle Mexican Grill by 3.4% in the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock valued at $434,000 after buying an additional 235 shares during the last quarter. Finally, Northwest Bank & Trust Co lifted its position in shares of 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 valued at $2,788,000 after buying an additional 236 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CMG shares. TD Securities reaffirmed a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Truist Financial lowered their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. KeyCorp decreased their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Robert W. Baird raised their price objective on Chipotle Mexican Grill from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average target price of $60.93.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded up $0.39 during midday trading on Friday, reaching $57.16. The company's stock had a trading volume of 10,384,051 shares, compared to its average volume of 12,859,475. The firm has a market capitalization of $77.01 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 2.83 and a beta of 1.08. The firm has a 50 day moving average price of $52.07 and a two-hundred day moving average price of $53.33. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company posted $13.37 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.