GAMMA Investing LLC Sells 4,722 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

GAMMA Investing LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,135 shares of the restaurant operator's stock after selling 4,722 shares during the period. GAMMA Investing LLC's holdings in Chipotle Mexican Grill were worth $1,212,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CMG. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $1,093,345,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. raised its stake in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $315,220,000. Finally, Voya Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock worth $541,914,000 after acquiring an additional 4,790,464 shares during the period. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock traded up $2.11 during midday trading on Tuesday, reaching $58.26. 21,798,635 shares of the company were exchanged, compared to its average volume of 12,884,600. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $66.74. The firm has a market capitalization of $78.50 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08. The business has a 50-day moving average price of $51.43 and a two-hundred day moving average price of $53.43.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business earned $13.37 EPS. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's 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 transaction, the insider directly owned 109,815 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

CMG has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of 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. Stephens reiterated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Loop Capital dropped their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. UBS Group reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Redburn Atlantic started coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target for the company. Ten equities research 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.71.

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.