Westwood Holdings Group Inc. Cuts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Westwood Holdings Group Inc. reduced its shareholding in Chipotle Mexican Grill by 3.0%, now owning 476,559 shares valued at approximately $23.93 million.
• Several hedge funds have modified their positions in Chipotle, with New Age Alpha Advisors LLC showing a dramatic increase of 87,160.4% in their holdings during the first quarter.
• Wall Street analysts have varying ratings for Chipotle, with nine giving a hold rating, nineteen a buy rating, and a consensus price target of $60.71 for the stock.

Westwood Holdings Group Inc. trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 476,559 shares of the restaurant operator's stock after selling 14,798 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Chipotle Mexican Grill were worth $23,928,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $25,000. HighMark Wealth Management LLC increased its stake 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 buying an additional 371 shares during the period. North Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $31,000. Finally, Mechanics Financial Corp acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $38,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CMG shares. KeyCorp cut their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Royal Bank Of Canada dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Robert W. Baird dropped their target price on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Truist Financial dropped their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Finally, Redburn Atlantic began coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target on the stock. Nine equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded up $0.02 during midday trading on Wednesday, hitting $42.65. The company had a trading volume of 14,044,675 shares, compared to its average volume of 20,522,552. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12-month low of $42.25 and a 12-month high of $66.74. The company has a fifty day moving average of $51.67 and a two-hundred day moving average of $51.91.

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

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on 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 represents a 50.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill 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.