Douglass Winthrop Advisors LLC Sells 15,029 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Douglass Winthrop Advisors LLC reduced its stake in Chipotle Mexican Grill by 13.3%, bringing their total shares to 97,770, valued at approximately $4.9 million.
• Several institutional investors, including AlphaQuest LLC and Kestra Advisory Services LLC, have increased their stakes, reflecting ongoing interest in the company's stock.
• Chipotle reported quarterly earnings of $0.33 per share, exceeding analysts' expectations, but its revenue fell short of estimates at $3.06 billion.

Douglass Winthrop Advisors LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 97,770 shares of the restaurant operator's stock after selling 15,029 shares during the period. Douglass Winthrop Advisors LLC's holdings in Chipotle Mexican Grill were worth $4,909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AlphaQuest LLC increased its stake in shares of Chipotle Mexican Grill by 108.0% in the 1st quarter. AlphaQuest LLC now owns 18,937 shares of the restaurant operator's stock valued at $951,000 after purchasing an additional 9,834 shares during the last quarter. Kestra Advisory Services LLC grew its position in Chipotle Mexican Grill by 29.3% during the 1st quarter. Kestra Advisory Services LLC now owns 172,200 shares of the restaurant operator's stock worth $8,646,000 after acquiring an additional 39,019 shares during the last quarter. Laffer Tengler Investments Inc. grew its position in Chipotle Mexican Grill by 17.2% during the 1st quarter. Laffer Tengler Investments Inc. now owns 114,097 shares of the restaurant operator's stock worth $5,729,000 after acquiring an additional 16,708 shares during the last quarter. Circle Wealth Management LLC grew its position in Chipotle Mexican Grill by 3.3% during the 1st quarter. Circle Wealth Management LLC now owns 16,225 shares of the restaurant operator's stock worth $815,000 after acquiring an additional 517 shares during the last quarter. Finally, D.B. Root & Company LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter worth $441,000. Institutional investors own 91.30% of the company's stock.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the company'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 completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. Truist Financial reduced their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Barclays cut their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Raymond James Financial cut their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. KeyCorp cut their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Robert W. Baird dropped their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.22.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded up $0.24 on Wednesday, hitting $42.76. The company had a trading volume of 5,227,189 shares, compared to its average volume of 14,154,637. The stock has a market capitalization of $57.33 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 2.17 and a beta of 1.05. The stock has a 50 day moving average of $49.23 and a 200-day moving average of $50.37. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.Chipotle Mexican Grill's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.