Knuff & Co LLC Sells 65,274 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Knuff & Co LLC has significantly reduced its stake in Chipotle Mexican Grill, selling 65,274 shares and holding only 8,375 shares after the sale, representing an 88.6% decrease in holdings.
• Institutional investors currently own 91.31% of Chipotle's stock, indicating strong institutional interest in the company.
• Chipotle's recent quarterly earnings report showed an EPS of $0.33, slightly exceeding expectations, despite revenues of $3.06 billion falling short of the consensus estimate of $3.11 billion.

Knuff & Co LLC decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 88.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,375 shares of the restaurant operator's stock after selling 65,274 shares during the period. Knuff & Co LLC's holdings in Chipotle Mexican Grill were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $25,000. HighMark Wealth Management LLC raised its stake in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after buying an additional 371 shares during the period. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $31,000. Finally, Mechanics Financial Corp acquired a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $38,000. Institutional investors own 91.31% of the company's stock.

Insider Transactions at Chipotle Mexican Grill

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 transaction of $5,659,587.50. Following the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Up 2.0%

CMG opened at $44.04 on Friday. The company has a market cap of $59.05 billion, a P/E ratio of 39.32, a P/E/G ratio of 2.19 and a beta of 1.05. The business's 50-day moving average price is $50.37 and its 200-day moving average price is $51.15. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74.

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

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. 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. JPMorgan Chase & Co. dropped their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Loop Capital dropped their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Guggenheim dropped their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Finally, Royal Bank Of Canada dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $60.22.

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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