Golden State Wealth Management LLC Decreases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Golden State Wealth Management LLC reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 81.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,164 shares of the restaurant operator's stock after selling 4,992 shares during the period. Golden State Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $58,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vinva Investment Management Ltd increased its stake in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after purchasing an additional 21,864 shares during the period. Community Trust & Investment Co. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $7,773,000. Headlands Technologies LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $488,000. Valicenti Advisory Services Inc. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $3,317,000. Finally, Interval Partners LP bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $51,811,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other 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 $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. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $57.16 on Monday. The stock has a market cap of $77.01 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $66.74. The stock has a fifty day moving average of $52.07 and a 200 day moving average of $53.27.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMG shares. UBS Group cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley dropped their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird boosted their target price on Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Evercore ISI cut their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Barclays lifted their target price on shares of Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.93.

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.

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