Private Advisor Group LLC Has $4.94 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Private Advisor Group LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,287 shares of the restaurant operator's stock after selling 28,213 shares during the quarter. Private Advisor Group LLC's holdings in Chipotle Mexican Grill were worth $4,935,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $25,000. HighMark Wealth Management LLC raised its stake in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares in the last quarter. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the first quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $38,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMG. Morgan Stanley decreased their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Stephens restated an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a report on Thursday. TD Cowen decreased their target price on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday. Loop Capital decreased 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. Finally, UBS Group increased their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.10.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $7.57 during mid-day trading on Thursday, hitting $45.21. The company had a trading volume of 59,968,224 shares, compared to its average volume of 13,174,022. The firm has a market cap of $60.91 billion, a P/E ratio of 39.96, a P/E/G ratio of 2.62 and a beta of 1.08. The business's fifty day moving average is $52.98 and its two-hundred day moving average is $52.78. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. Chipotle Mexican Grill's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction dated 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 sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill 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.