World Investment Advisors Sells 7,310 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

World Investment Advisors trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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.

Other institutional investors have also made changes to their positions in the company. HighMark Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares during the last quarter. North Capital Inc. bought a new stake in Chipotle Mexican Grill during the 1st quarter worth about $30,000. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $31,000. ORG Wealth Partners LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter worth about $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $38,000. 91.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was 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 in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup decreased their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus decreased their target price on 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. Stephens restated an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, June 9th. UBS Group decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Evercore ISI decreased their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Nine 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $60.93.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded up $0.39 during trading hours on Friday, reaching $57.16. 10,384,051 shares of the stock were exchanged, compared to its average volume of 12,859,475. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74. The firm has a 50 day moving average of $52.07 and a 200 day moving average of $53.33. The stock has a market cap of $77.01 billion, a PE ratio of 50.58, a PEG ratio of 2.83 and a beta of 1.08.

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

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.