Mediolanum International Funds Ltd Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Mediolanum International Funds Ltd reduced its stake in Chipotle Mexican Grill by 5.2%, selling 11,350 shares during the first quarter, bringing their total holdings to 207,556 shares worth approximately $10.36 million.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle, representing a 50.91% decrease in their position, valued at about $5.66 million.
• Chipotle's stock has a market cap of $62.98 billion, recently traded at $46.75, and showed a 2.2% increase in share price.

Mediolanum International Funds Ltd lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,556 shares of the restaurant operator's stock after selling 11,350 shares during the period. Mediolanum International Funds Ltd's holdings in Chipotle Mexican Grill were worth $10,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the period. Csenge Advisory Group increased its holdings in Chipotle Mexican Grill by 5.0% during the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares during the period. Money Concepts Capital Corp increased its holdings in Chipotle Mexican Grill by 3.0% during the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after buying an additional 221 shares during the period. Northwest Bank & Trust Co increased its holdings in Chipotle Mexican Grill by 0.5% during the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after buying an additional 236 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in Chipotle Mexican Grill by 2.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 9,728 shares of the restaurant operator's stock valued at $488,000 after acquiring an additional 243 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on 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 of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by company insiders.

Analyst Ratings Changes

CMG has been the topic of several analyst reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $60.00 price target (down from $62.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Melius began coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price objective on the stock. TD Securities restated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Finally, Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.71.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.30 during trading hours on Wednesday, reaching $44.08. The stock had a trading volume of 13,326,338 shares, compared to its average volume of 13,686,832. Chipotle Mexican Grill, Inc. has a 1 year low of $43.75 and a 1 year high of $66.74. The firm's 50 day moving average is $52.46 and its 200-day moving average is $52.41. The stock has a market capitalization of $59.39 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 2.28 and a beta of 1.08.

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