Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,122 shares of the restaurant operator's stock after selling 5,128 shares during the quarter. Chipotle Mexican Grill accounts for approximately 1.8% of Contravisory Investment Management Inc.'s portfolio, making the stock its 21st largest position. Contravisory Investment Management Inc.'s holdings in Chipotle Mexican Grill were worth $8,642,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $45,000. Mascagni Wealth Management Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 0.0%

Shares of Chipotle Mexican Grill stock traded up $0.01 on Friday, reaching $52.61. 5,908,200 shares of the stock were exchanged, compared to its average volume of 13,466,787. The firm has a market capitalization of $70.89 billion, a PE ratio of 47.46, a PEG ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The business has a fifty day moving average price of $50.11 and a two-hundred day moving average price of $54.73.

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. 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 42.92% and a net margin of 13.56%. 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 earned $13.37 EPS. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider now 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Truist Financial cut their target price on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a report on Friday, April 25th. Stephens reissued an "equal weight" rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Finally, KeyCorp cut their price target on shares of 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. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.60.

Chipotle Mexican Grill 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.