Moloney Securities Asset Management LLC Sells 4,631 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Moloney Securities Asset Management LLC lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 18.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,478 shares of the restaurant operator's stock after selling 4,631 shares during the period. Moloney Securities Asset Management LLC's holdings in Chipotle Mexican Grill were worth $1,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Alliancebernstein L.P. increased its stake in shares of Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Geode Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the period. American Century Companies Inc. increased its stake in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after purchasing an additional 166,767 shares during the period. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $1,093,345,000. Finally, Northern Trust Corp increased its stake in shares of Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock worth $870,918,000 after purchasing an additional 1,438,860 shares during the period. Institutional investors and hedge funds 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 stock in a transaction 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 transaction, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

CMG traded down $0.41 during mid-day trading on Friday, reaching $56.00. The stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,674,862. The stock has a market capitalization of $75.45 billion, a P/E ratio of 49.56, a P/E/G ratio of 2.78 and a beta of 1.08. The firm's fifty day simple moving average is $52.58 and its two-hundred day simple moving average is $53.06. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced 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 firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $13.37 EPS. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Morgan Stanley lowered their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Citigroup boosted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday. TD Securities restated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Finally, KeyCorp lowered their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $61.25.

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.