Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by World Investment Advisors

World Investment Advisors lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,345 shares of the restaurant operator's stock after selling 7,310 shares during the period. 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 also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 173.4% in the 1st 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 in the last quarter. North Capital Inc. acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $30,000. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $31,000. ORG Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 completion of the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded up $0.03 during mid-day trading on Tuesday, reaching $55.49. The stock had a trading volume of 9,937,588 shares, compared to its average volume of 12,806,394. The firm has a market capitalization of $74.77 billion, a price-to-earnings ratio of 49.11, a PEG ratio of 2.75 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The business has a 50 day simple moving average of $52.26 and a 200 day simple moving average of $53.24.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Truist Financial lowered their target price on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Finally, Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.93.

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.