Oppenheimer & Co. Inc. Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oppenheimer & Co. Inc. reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,841 shares of the restaurant operator's stock after selling 42,615 shares during the period. Oppenheimer & Co. Inc.'s holdings in Chipotle Mexican Grill were worth $4,963,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMG. Oppenheimer Asset Management Inc. lifted its position in Chipotle Mexican Grill by 2.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 357,247 shares of the restaurant operator's stock valued at $17,937,000 after acquiring an additional 9,453 shares during the last quarter. Stiles Financial Services Inc lifted its holdings in shares of Chipotle Mexican Grill by 18.5% in the 1st quarter. Stiles Financial Services Inc now owns 11,795 shares of the restaurant operator's stock valued at $592,000 after purchasing an additional 1,845 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 7.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 16,368 shares of the restaurant operator's stock valued at $822,000 after purchasing an additional 1,070 shares during the last quarter. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Chipotle Mexican Grill by 4.2% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 6,425 shares of the restaurant operator's stock valued at $323,000 after purchasing an additional 260 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Chipotle Mexican Grill by 3,525.3% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 39,733 shares of the restaurant operator's stock valued at $1,995,000 after purchasing an additional 38,637 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on 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 completion of the sale, the insider now directly owns 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $54.70 on Wednesday. The company has a market cap of $73.70 billion, a PE ratio of 48.41, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The company has a 50-day simple moving average of $50.83 and a 200-day simple moving average of $53.79.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $13.37 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMG. UBS Group reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Ten research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.79.

Chipotle Mexican Grill Company Profile

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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