Yousif Capital Management LLC Sells 1,504 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Yousif Capital Management LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% during the first quarter, HoldingsChannel reports. The firm owned 167,945 shares of the restaurant operator’s stock after selling 1,504 shares during the quarter. Yousif Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $8,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tortoise Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after acquiring an additional 176 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the last quarter. Schechter Investment Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.2% in the 4th quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator’s stock valued at $1,127,000 after buying an additional 220 shares during the last quarter. Aljian Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Aljian Capital Management LLC now owns 12,285 shares of the restaurant operator’s stock valued at $741,000 after buying an additional 225 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 3.5% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,755 shares of the restaurant operator’s stock valued at $407,000 after buying an additional 229 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $50.61 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The stock has a market capitalization of $68.19 billion, a P/E ratio of 45.59, a PEG ratio of 2.04 and a beta of 1.06. The stock’s fifty day moving average is $50.12 and its 200 day moving average is $54.51.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $13.37 earnings per share. Chipotle Mexican Grill’s revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. Stifel Nicolaus cut their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Truist Financial cut their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective 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. Piper Sandler cut their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Morgan Stanley cut their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.37.

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.