Harrell Investment Partners LLC Sells 27,934 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Harrell Investment Partners LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 67.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,734 shares of the restaurant operator's stock after selling 27,934 shares during the period. Harrell Investment Partners LLC's holdings in Chipotle Mexican Grill were worth $690,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $31,000. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $38,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 625 shares in the last quarter. Global Financial Private Client LLC boosted its stake in Chipotle Mexican Grill by 136.2% in the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 500 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $45,000. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling

In other Chipotle Mexican Grill 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 now directly owns 109,815 shares in the company, valued at $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 is available through the SEC website. 0.81% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Up 0.9%

Chipotle Mexican Grill stock opened at $51.83 on Thursday. The firm has a 50 day moving average of $50.54 and a 200 day moving average of $54.13. The firm has a market capitalization of $69.83 billion, a price-to-earnings ratio of 45.86, a P/E/G ratio of 2.55 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $68.91.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during 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 firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $13.37 EPS. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Stephens reissued an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. TD Securities reissued a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Ten equities research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.79.

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.

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