Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 27.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,391 shares of the restaurant operator's stock after selling 43,209 shares during the quarter. Chipotle Mexican Grill comprises 5.1% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 2nd biggest holding. Savoir Faire Capital Management L.P.'s holdings in Chipotle Mexican Grill were worth $5,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $25,000. HighMark Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares during the last quarter. North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $30,000. ORG Wealth Partners LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on 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 completion of the sale, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Down 1.9%

NYSE CMG traded down $1.03 on Monday, reaching $52.91. 8,757,677 shares of the stock traded hands, compared to its average volume of 12,512,084. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74. The company has a market cap of $71.28 billion, a price-to-earnings ratio of 46.82, a P/E/G ratio of 2.66 and a beta of 1.08. The firm's fifty day simple moving average is $52.90 and its 200 day simple moving average is $52.84.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during 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 company's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $13.37 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays lifted their price target on Chipotle Mexican Grill from $54.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Stephens reiterated an "equal weight" rating and issued a $49.00 target price on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Morgan Stanley dropped their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group increased their target price on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.72.

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.