Sequoia Financial Advisors LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 273 shares of the restaurant operator’s stock after selling 21 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $466,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CMG. Versant Capital Management Inc bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $26,000. FourThought Financial LLC grew its position in Chipotle Mexican Grill by 350.0% in the third quarter. FourThought Financial LLC now owns 18 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Elequin Securities LLC bought a new position in Chipotle Mexican Grill in the fourth quarter valued at $28,000. Heritage Wealth Management LLC grew its position in Chipotle Mexican Grill by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 20 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 10 shares in the last quarter. Finally, Global Wealth Strategies & Associates bought a new position in Chipotle Mexican Grill in the fourth quarter valued at $36,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently weighed in on CMG shares. Morgan Stanley raised their target price on shares of Chipotle Mexican Grill from $1,743.00 to $1,910.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 26th. Wedbush lifted their price objective on shares of Chipotle Mexican Grill from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a research report on Wednesday, June 21st. UBS Group lifted their price objective on shares of Chipotle Mexican Grill from $2,050.00 to $2,250.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Barclays lifted their price objective on shares of Chipotle Mexican Grill from $1,550.00 to $1,885.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 26th. Finally, Credit Suisse Group lifted their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $2,066.93.
Chipotle Mexican Grill Stock Up 1.1 %
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its earnings results on Tuesday, April 25th. The restaurant operator reported $10.50 EPS for the quarter, beating the consensus estimate of $8.89 by $1.61. Chipotle Mexican Grill had a net margin of 11.49% and a return on equity of 45.01%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $5.70 EPS. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 44.07 earnings per share for the current fiscal year.
Insider Buying and Selling at Chipotle Mexican Grill
In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,086 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $2,138.00, for a total value of $2,321,868.00. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $49,915,886. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,086 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $2,138.00, for a total value of $2,321,868.00. Following the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $49,915,886. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Christopher W. Brandt sold 1,013 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $1,795.00, for a total transaction of $1,818,335.00. Following the sale, the chief marketing officer now directly owns 8,125 shares in the company, valued at $14,584,375. The disclosure for this sale can be found here. Insiders have sold a total of 12,409 shares of company stock valued at $25,292,284 in the last ninety days. 0.96% of the stock is currently owned by company insiders.
Chipotle Mexican Grill Profile
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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