International Assets Investment Management LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138 shares of the restaurant operator’s stock after selling 9 shares during the quarter. International Assets Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $236,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in CMG. ETF Managers Group LLC raised its position in Chipotle Mexican Grill by 1.3% in the first quarter. ETF Managers Group LLC now owns 455 shares of the restaurant operator’s stock valued at $777,000 after purchasing an additional 6 shares during the last quarter. Moseley Investment Management Inc. raised its position in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Moseley Investment Management Inc. now owns 283 shares of the restaurant operator’s stock worth $393,000 after acquiring an additional 7 shares during the last quarter. Glassman Wealth Services raised its position in shares of Chipotle Mexican Grill by 9.2% during the fourth quarter. Glassman Wealth Services now owns 83 shares of the restaurant operator’s stock worth $115,000 after acquiring an additional 7 shares during the last quarter. Resources Management Corp CT ADV increased its holdings in Chipotle Mexican Grill by 1.5% in the fourth quarter. Resources Management Corp CT ADV now owns 472 shares of the restaurant operator’s stock worth $655,000 after purchasing an additional 7 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 0.9% in the fourth quarter. Avitas Wealth Management LLC now owns 935 shares of the restaurant operator’s stock worth $1,297,000 after purchasing an additional 8 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, CEO Brian R. Niccol sold 1,868 shares of the company’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $1,999.90, for a total transaction of $3,735,813.20. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $46,691,665.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Robin S. Hickenlooper sold 105 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $2,073.08, for a total transaction of $217,673.40. Following the completion of the transaction, the director now owns 853 shares in the company, valued at approximately $1,768,337.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,868 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $1,999.90, for a total transaction of $3,735,813.20. Following the transaction, the chief executive officer now owns 23,347 shares of the company’s stock, valued at approximately $46,691,665.30. The disclosure for this sale can be found here. Insiders sold 11,323 shares of company stock valued at $22,970,416 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.
Chipotle Mexican Grill Stock Performance
Chipotle Mexican Grill (NYSE:CMG – Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $10.50 EPS for the quarter, topping analysts’ consensus estimates of $8.89 by $1.61. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.34 billion. Chipotle Mexican Grill had a net margin of 11.49% and a return on equity of 45.01%. Chipotle Mexican Grill’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.70 earnings per share. Analysts forecast that Chipotle Mexican Grill, Inc. will post 43.98 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CMG shares. BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $1,800.00 to $1,950.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Credit Suisse Group lifted their target price on Chipotle Mexican Grill from $2,050.00 to $2,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Robert W. Baird lifted their price target on Chipotle Mexican Grill from $2,000.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Morgan Stanley boosted their target price on Chipotle Mexican Grill from $1,743.00 to $1,910.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 26th. Finally, UBS Group boosted their price objective on Chipotle Mexican Grill from $2,050.00 to $2,250.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,066.93.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.
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