Souders Financial Advisors Sells 5,988 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Souders Financial Advisors decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,553 shares of the restaurant operator's stock after selling 5,988 shares during the quarter. Souders Financial Advisors' holdings in Chipotle Mexican Grill were worth $680,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $25,000. HighMark Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 173.4% in the 1st 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. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $30,000. ORG Wealth Partners LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $38,000. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 directly 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 SEC, which can be accessed through the SEC website. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. Raymond James Financial upped their target price on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price for the company. TD Securities reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Finally, Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Nine 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.72.

Chipotle Mexican Grill Trading Up 0.6%

CMG opened at $53.88 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The business's fifty day simple moving average is $52.90 and its 200-day simple moving average is $52.89. The company has a market capitalization of $72.60 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 2.66 and a beta of 1.08.

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

Chipotle Mexican Grill Company 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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