Schechter Investment Advisors LLC Sells 5,547 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Schechter Investment Advisors LLC lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 29.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,143 shares of the restaurant operator's stock after selling 5,547 shares during the quarter. Schechter Investment Advisors LLC's holdings in Chipotle Mexican Grill were worth $660,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC increased its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of Chipotle Mexican Grill by 100.5% in the fourth quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock valued at $422,000 after purchasing an additional 3,507 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 7,061 shares of the restaurant operator's stock valued at $426,000 after purchasing an additional 912 shares in the last quarter. Finally, Choate Investment Advisors grew its position in shares of Chipotle Mexican Grill by 5.0% in the fourth quarter. Choate Investment Advisors now owns 21,231 shares of the restaurant operator's stock valued at $1,280,000 after purchasing an additional 1,002 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.02% of the company's stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent analyst reports. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price for the company. JPMorgan Chase & Co. reduced their price target 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. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Loop Capital reduced their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Morgan Stanley reduced their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Ten equities 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.21.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $54.81 on Tuesday. The firm has a market cap of $73.85 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 2.78 and a beta of 1.08. The business has a 50 day moving average price of $52.68 and a 200-day moving average price of $53.02. 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 announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business 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%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $13.37 EPS. Research analysts predict 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.

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