World Investment Advisors Decreases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

World Investment Advisors reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Impax Asset Management Group plc raised its holdings in Chipotle Mexican Grill by 22.8% in the first quarter. Impax Asset Management Group plc now owns 357,084 shares of the restaurant operator's stock worth $17,929,000 after purchasing an additional 66,285 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in Chipotle Mexican Grill by 45.2% in the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the restaurant operator's stock worth $79,000 after purchasing an additional 492 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in Chipotle Mexican Grill by 44.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 45,931 shares of the restaurant operator's stock worth $2,306,000 after purchasing an additional 14,143 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Chipotle Mexican Grill by 9.9% during the first quarter. IFM Investors Pty Ltd now owns 280,141 shares of the restaurant operator's stock valued at $14,066,000 after acquiring an additional 25,303 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 8.4% during the first quarter. OneDigital Investment Advisors LLC now owns 18,079 shares of the restaurant operator's stock valued at $908,000 after acquiring an additional 1,403 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $1.63 during midday trading on Monday, hitting $55.44. The company had a trading volume of 8,853,908 shares, compared to its average volume of 12,898,514. The company's 50-day simple moving average is $52.07 and its 200-day simple moving average is $53.27. The firm has a market capitalization of $74.70 billion, a P/E ratio of 49.06, a P/E/G ratio of 2.83 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $13.37 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 sale, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TD Securities restated a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. 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 research report on Thursday, April 24th. Finally, Evercore ISI dropped their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Nine research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.93.

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.