Teamwork Financial Advisors LLC Sells 10,577 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teamwork Financial Advisors LLC decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 67.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,122 shares of the restaurant operator's stock after selling 10,577 shares during the period. Teamwork Financial Advisors LLC's holdings in Chipotle Mexican Grill were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $38,000. Mascagni Wealth Management Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter worth about $45,000. Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $50,000. Finally, Sierra Ocean LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $50,000. 91.31% of the stock is currently owned by institutional investors.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on 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 completion of the sale, the insider now owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded down $0.03 during mid-day trading on Friday, reaching $52.57. The company had a trading volume of 9,385,281 shares, compared to its average volume of 13,478,829. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The stock's 50 day moving average is $50.11 and its 200-day moving average is $54.73. The stock has a market capitalization of $70.83 billion, a PE ratio of 47.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06.

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, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $13.37 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CMG shares. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. UBS Group decreased their price target on shares of 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. Royal Bank of Canada cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, TD Securities reduced their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.60.

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.