Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Lessened by WT Wealth Management

WT Wealth Management decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 19.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 33,438 shares of the restaurant operator's stock after selling 7,886 shares during the period. WT Wealth Management's holdings in Chipotle Mexican Grill were worth $1,679,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Bank Pictet & Cie Europe AG increased its position in Chipotle Mexican Grill by 22.5% during 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 during the last quarter. Proficio Capital Partners LLC increased its position in Chipotle Mexican Grill by 100.5% during 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 during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 6.9% during the 4th quarter. TD Private Client Wealth LLC now owns 26,603 shares of the restaurant operator's stock worth $1,604,000 after buying an additional 1,715 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $371,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 0.1%

Chipotle Mexican Grill stock traded down $0.07 during mid-day trading on Tuesday, reaching $52.39. The company's stock had a trading volume of 15,914,467 shares, compared to its average volume of 12,546,156. 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 moving average price of $52.90 and a 200-day moving average price of $52.84. The firm has a market cap of $70.59 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 2.66 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CMG shares. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $56.00 to $65.00 in a research report on Friday. Barclays increased their price objective on shares of Chipotle Mexican Grill from $54.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Evercore ISI reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Citigroup increased their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $61.72.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.02% of the stock is currently owned by insiders.

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.