Diversify Advisory Services LLC Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Diversify Advisory Services LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 41.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,500 shares of the restaurant operator's stock after selling 12,536 shares during the quarter. Diversify Advisory Services LLC's holdings in Chipotle Mexican Grill were worth $886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMG. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $25,000. HighMark Wealth Management LLC grew its stake in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the period. North Capital Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $30,000. ORG Wealth Partners LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $38,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMG shares. Melius started coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They set a "hold" rating and a $60.00 price target for the company. Raymond James Financial raised their target price on Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday. Loop Capital cut their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company raised their target price on Chipotle Mexican Grill from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Argus downgraded Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $61.72.

Chipotle Mexican Grill Trading Up 0.6%

Shares of CMG stock traded up $0.34 on Friday, reaching $53.88. 9,512,380 shares of the company's stock were exchanged, compared to its average volume of 12,526,196. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The stock has a market capitalization of $72.60 billion, a PE ratio of 47.68, a P/E/G ratio of 2.66 and a beta of 1.08. The company's fifty day simple moving average is $52.90 and its 200 day simple moving average is $52.89.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.98 billion. During the same period last year, the business posted $13.37 EPS. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.