Rational Advisors Inc. Lowers Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rational Advisors Inc. decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 59.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,500 shares of the restaurant operator's stock after selling 29,850 shares during the quarter. Rational Advisors Inc.'s holdings in Chipotle Mexican Grill were worth $1,029,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $1,093,345,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Chipotle Mexican Grill by 29.5% in the 4th 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 in the last quarter. Voya Investment Management LLC lifted its stake in Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock worth $541,914,000 after purchasing an additional 4,790,464 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Chipotle Mexican Grill by 2,145.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after purchasing an additional 3,038,460 shares in the last quarter. Hedge funds and other institutional investors 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 company's stock in a transaction dated 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 in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on CMG shares. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Barclays boosted their price target on shares of Chipotle Mexican Grill from $52.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Robert W. Baird boosted their price target on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $61.25.

Chipotle Mexican Grill Price Performance

CMG stock traded down $0.41 during mid-day trading on Friday, reaching $56.00. The company had a trading volume of 8,282,822 shares, compared to its average volume of 12,674,862. The company has a market capitalization of $75.45 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The firm has a 50 day moving average of $52.58 and a 200 day moving average of $53.12. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74.

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

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.