Wealthfront Advisers LLC Sells 13,806 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wealthfront Advisers LLC lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,799 shares of the restaurant operator's stock after selling 13,806 shares during the period. Wealthfront Advisers LLC's holdings in Chipotle Mexican Grill were worth $6,316,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Revolve Wealth Partners LLC boosted 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 valued at $290,000 after buying an additional 214 shares during the period. Bank Pictet & Cie Europe AG boosted its stake 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 buying an additional 279,267 shares during the period. Proficio Capital Partners LLC boosted its stake 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 buying an additional 3,507 shares during the period. Parallel Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 3.0% in the fourth quarter. Parallel Advisors LLC now owns 23,245 shares of the restaurant operator's stock valued at $1,402,000 after buying an additional 676 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Chipotle Mexican Grill by 1.7% in the fourth quarter. Signaturefd LLC now owns 23,246 shares of the restaurant operator's stock valued at $1,402,000 after buying an additional 384 shares during the period. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.6%

CMG traded up $0.34 during trading on Friday, reaching $53.88. 9,454,614 shares of the stock traded hands, compared to its average volume of 12,752,911. The stock has a market capitalization of $72.60 billion, a PE ratio of 47.68, a P/E/G ratio of 2.65 and a beta of 1.08. The stock's 50-day moving average is $52.82 and its 200 day moving average is $52.98. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly 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. The business had revenue of $2.88 billion for 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 business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $13.37 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CMG shares. Stephens reiterated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, June 9th. Morgan Stanley cut their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. TD Securities restated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Finally, Truist Financial upped their target price on Chipotle Mexican Grill from $63.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average target price of $61.72.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's 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 sale, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company's stock.

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.