Apollon Wealth Management LLC Cuts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Apollon Wealth Management LLC lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 49,582 shares of the restaurant operator’s stock after selling 8,390 shares during the period. Apollon Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $2,490,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vinva Investment Management Ltd grew its position in shares of Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares in the last quarter. Community Trust & Investment Co. purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $7,773,000. Headlands Technologies LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $488,000. Valicenti Advisory Services Inc. purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $3,317,000. Finally, Interval Partners LP purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $51,811,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider directly owned 109,815 shares of the company’s stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMG. Morgan Stanley cut their price target 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. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Barclays raised their price target on Chipotle Mexican Grill from $52.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, June 26th. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $61.28.

Chipotle Mexican Grill Stock Down 1.5%

Shares of NYSE CMG opened at $53.99 on Wednesday. The business has a fifty day simple moving average of $52.75 and a two-hundred day simple moving average of $53.03. The firm has a market cap of $72.75 billion, a PE ratio of 47.78, a price-to-earnings-growth ratio of 2.72 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $66.74.

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

Chipotle Mexican Grill Profile

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.