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Sigma Planning Corp Trims Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chipotle Mexican Grill logo with Retail/Wholesale background

Sigma Planning Corp reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 43.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,125 shares of the restaurant operator's stock after selling 21,101 shares during the quarter. Sigma Planning Corp's holdings in Chipotle Mexican Grill were worth $1,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CMG. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $25,000. HighMark Wealth Management LLC lifted 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 acquiring an additional 371 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $38,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $53.36 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74. The firm has a market cap of $71.89 billion, a P/E ratio of 47.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.08. The stock has a 50-day simple moving average of $52.78 and a 200-day simple moving average of $53.03.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm earned $13.37 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CMG shares. Robert W. Baird increased their target price on Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Piper Sandler reduced their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. UBS Group reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Citigroup increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Ten 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.28.

View Our Latest Analysis on CMG

Chipotle Mexican Grill Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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