Golden State Equity Partners Sells 949 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Golden State Equity Partners lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,676 shares of the restaurant operator’s stock after selling 949 shares during the period. Golden State Equity Partners’ holdings in Chipotle Mexican Grill were worth $636,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC increased its position in 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 purchasing an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of 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 buying an additional 279,267 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 17.6% during the fourth quarter. Wealthspire Advisors LLC now owns 11,909 shares of the restaurant operator’s stock worth $718,000 after buying an additional 1,786 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Chipotle Mexican Grill by 25.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 5,491 shares of the restaurant operator’s stock worth $331,000 after buying an additional 1,121 shares in the last quarter. Finally, Wrapmanager Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $304,000. 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 the firm’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 sale, the insider now owns 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $55.11 on Thursday. The stock has a market capitalization of $74.25 billion, a price-to-earnings ratio of 48.77, a PEG ratio of 2.71 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $66.74. The stock’s 50 day moving average price is $50.97 and its two-hundred day moving average price is $53.80.

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

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Stephens restated an “equal weight” rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a report on Monday, June 9th. Truist Financial lowered their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Citigroup cut their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.79.

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.