World Investment Advisors Has $7.55 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

World Investment Advisors cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,345 shares of the restaurant operator's stock after selling 7,310 shares during the quarter. World Investment Advisors' holdings in Chipotle Mexican Grill were worth $7,549,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CMG. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% during 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 in the last quarter. Bank Pictet & Cie Europe AG lifted its position 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 worth $91,571,000 after purchasing an additional 279,267 shares in the last quarter. Atria Investments Inc lifted its position in shares of Chipotle Mexican Grill by 12.8% in the fourth quarter. Atria Investments Inc now owns 100,604 shares of the restaurant operator's stock worth $6,066,000 after purchasing an additional 11,444 shares in the last quarter. Proficio Capital Partners LLC lifted its position 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 worth $422,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $315,220,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMG. Morgan Stanley reduced their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Stephens reissued an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Robert W. Baird increased their price target on shares of Chipotle Mexican Grill from $58.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $60.93.

Chipotle Mexican Grill Stock Up 0.7%

Shares of NYSE:CMG traded up $0.39 during trading on Friday, reaching $57.16. The stock had a trading volume of 10,384,051 shares, compared to its average volume of 12,859,475. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The firm has a market capitalization of $77.01 billion, a price-to-earnings ratio of 50.58, a P/E/G ratio of 2.83 and a beta of 1.08. The stock has a fifty day simple moving average of $52.07 and a two-hundred day simple moving average of $53.27.

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

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm's 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 sale, the insider 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.02% 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.