XTX Topco Ltd Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

XTX Topco Ltd reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 42.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,182 shares of the restaurant operator's stock after selling 15,429 shares during the period. XTX Topco Ltd's holdings in Chipotle Mexican Grill were worth $1,064,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the first quarter worth approximately $25,000. HighMark Wealth Management LLC lifted 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 worth $29,000 after buying an additional 371 shares during the period. North Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at $31,000. Finally, Mechanics Financial Corp bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $38,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $42.53 on Friday. The company's fifty day moving average price is $52.00 and its 200-day moving average price is $52.12. Chipotle Mexican Grill, Inc. has a 1-year low of $42.46 and a 1-year high of $66.74. The firm has a market capitalization of $57.03 billion, a P/E ratio of 37.97, a PEG ratio of 2.16 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business'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 value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CMG. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley lowered 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. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. lowered their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Barclays dropped their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $60.71.

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.

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