Virtu Financial LLC Reduces Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Virtu Financial LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 89.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,232 shares of the restaurant operator's stock after selling 72,164 shares during the period. Virtu Financial LLC's holdings in Chipotle Mexican Grill were worth $413,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at about $25,000. HighMark Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $30,000. ORG Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $31,000. Finally, Mechanics Financial Corp purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $38,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction of $5,659,587.50. Following the transaction, the insider owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Down 0.9%

NYSE:CMG opened at $43.10 on Friday. The firm has a market capitalization of $57.79 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 2.21 and a beta of 1.05. The firm's fifty day simple moving average is $50.54 and its 200 day simple moving average is $51.25. Chipotle Mexican Grill, Inc. has a twelve month low of $41.18 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. UBS Group raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, July 24th. Royal Bank Of Canada dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.37.

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.

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