Next Century Growth Investors LLC Has $834,000 Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Next Century Growth Investors LLC decreased its stake in Chipotle Mexican Grill by 41.8% in Q1, now holding shares valued at $834,000.
• Insider Roger E. Theodoredis sold 113,875 shares of Chipotle, reducing his ownership by 50.91% and leaving him with approximately 109,815 shares.
• Analysts' price targets for Chipotle have been adjusted downward, with average estimates now around $60.22, while maintaining a majority rating of "buy" or "hold".

Next Century Growth Investors LLC trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 41.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,614 shares of the restaurant operator's stock after selling 11,925 shares during the quarter. Next Century Growth Investors LLC's holdings in Chipotle Mexican Grill were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes 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 shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 371 shares during the last quarter. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at $30,000. ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at $31,000. Finally, Mechanics Financial Corp bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at $38,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's 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 approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CMG shares. TD Cowen dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Guggenheim dropped their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, Melius assumed coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.22.

Chipotle Mexican Grill Stock Down 0.6%

Shares of NYSE CMG opened at $42.39 on Friday. The firm has a market cap of $56.84 billion, a PE ratio of 37.85, a P/E/G ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12-month low of $41.18 and a 12-month high of $66.74. The company's fifty day simple moving average is $48.86 and its 200 day simple moving average is $50.21.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.

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