Cyndeo Wealth Partners LLC Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cyndeo Wealth Partners LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,582 shares of the restaurant operator's stock after selling 9,042 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Chipotle Mexican Grill were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Conway Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 4.9% in the 1st quarter. Conway Capital Management Inc. now owns 16,725 shares of the restaurant operator's stock worth $840,000 after purchasing an additional 775 shares during the last quarter. Warther Private Wealth LLC raised its position in shares of Chipotle Mexican Grill by 34.8% in the 1st quarter. Warther Private Wealth LLC now owns 222,344 shares of the restaurant operator's stock worth $11,164,000 after purchasing an additional 57,442 shares during the last quarter. Brighton Jones LLC raised its position in shares of Chipotle Mexican Grill by 75.0% in the 1st quarter. Brighton Jones LLC now owns 19,411 shares of the restaurant operator's stock worth $975,000 after purchasing an additional 8,319 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Chipotle Mexican Grill by 38.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 13,176 shares of the restaurant operator's stock worth $662,000 after buying an additional 3,689 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Chipotle Mexican Grill by 88.4% in the 1st quarter. Sound Income Strategies LLC now owns 1,140 shares of the restaurant operator's stock worth $57,000 after buying an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stephens reiterated an "equal weight" rating and issued a $49.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Morgan Stanley cut their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. TD Securities restated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research note on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.37.

Insider Buying and Selling

In related 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 value of $5,659,587.50. Following the transaction, the insider now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Up 0.9%

NYSE CMG traded up $0.45 during trading hours on Wednesday, reaching $51.83. The company's stock had a trading volume of 8,844,222 shares, compared to its average volume of 13,260,847. The firm's 50-day moving average price is $50.52 and its 200-day moving average price is $54.14. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $68.91. The company has a market capitalization of $69.83 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.55 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping 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 company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the previous year, the firm earned $13.37 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.