Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 58.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,956 shares of the restaurant operator's stock after selling 25,682 shares during the period. Integrated Advisors Network LLC's holdings in Chipotle Mexican Grill were worth $902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $32,742,000. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Empowered Funds LLC lifted its stake in Chipotle Mexican Grill by 14.0% in the 4th quarter. Empowered Funds LLC now owns 25,092 shares of the restaurant operator's stock worth $1,513,000 after purchasing an additional 3,087 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Chipotle Mexican Grill by 53.6% during the 4th quarter. Stephens Inc. AR now owns 9,097 shares of the restaurant operator's stock valued at $549,000 after purchasing an additional 3,173 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Chipotle Mexican Grill by 45.0% during the 4th quarter. Savant Capital LLC now owns 29,672 shares of the restaurant operator's stock valued at $1,789,000 after purchasing an additional 9,202 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TD Securities cut their target price on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a report on Friday, April 25th. Robert W. Baird cut their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Truist Financial decreased their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Loop Capital lowered their price objective on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.37.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider now owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.65 during trading hours on Friday, hitting $50.24. 9,303,828 shares of the company's stock traded hands, compared to its average volume of 13,403,797. The firm's 50-day moving average is $50.29 and its 200-day moving average is $54.42. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The company has a market capitalization of $67.70 billion, a PE ratio of 45.26, a PEG ratio of 2.04 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the company posted $13.37 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.