Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 40.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,801 shares of the restaurant operator's stock after selling 9,879 shares during the quarter. Dakota Wealth Management's holdings in Chipotle Mexican Grill were worth $743,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CMG. Revolve Wealth Partners LLC grew its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after purchasing an additional 279,267 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Chipotle Mexican Grill by 100.5% during the 4th quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock worth $422,000 after purchasing an additional 3,507 shares during the period. Parallel Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 3.0% during the 4th quarter. Parallel Advisors LLC now owns 23,245 shares of the restaurant operator's stock worth $1,402,000 after purchasing an additional 676 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Chipotle Mexican Grill by 1.7% during the 4th quarter. Signaturefd LLC now owns 23,246 shares of the restaurant operator's stock worth $1,402,000 after purchasing an additional 384 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMG. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $56.00 to $65.00 in a research note on Friday. Barclays upped their price target on shares of Chipotle Mexican Grill from $54.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Thursday. Morgan Stanley lowered their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Melius assumed coverage on shares of Chipotle Mexican Grill in a research note on Monday. They issued a "hold" rating and a $60.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $61.72.

Insider Buying and Selling 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 transaction of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by insiders.

Chipotle Mexican Grill Stock Up 0.6%

Shares of CMG stock traded up $0.34 during trading hours on Friday, hitting $53.88. 9,454,086 shares of the company were exchanged, compared to its average volume of 12,600,505. The firm has a market cap of $72.60 billion, a PE ratio of 47.68, a PEG ratio of 2.65 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The firm has a fifty day moving average of $52.82 and a 200 day moving average of $52.98.

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, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $13.37 EPS. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.