Signaturefd LLC Trims Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Signaturefd LLC decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 22,228 shares of the restaurant operator’s stock after selling 1,018 shares during the period. Signaturefd LLC’s holdings in Chipotle Mexican Grill were worth $1,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Florida Financial Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $211,000. MQS Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $351,000. Prudent Man Advisors LLC raised its stake in Chipotle Mexican Grill by 6.6% during the first quarter. Prudent Man Advisors LLC now owns 15,774 shares of the restaurant operator’s stock worth $792,000 after purchasing an additional 974 shares during the period. Wilkinson Global Asset Management LLC raised its stake in Chipotle Mexican Grill by 0.7% during the first quarter. Wilkinson Global Asset Management LLC now owns 582,527 shares of the restaurant operator’s stock worth $29,249,000 after purchasing an additional 3,925 shares during the period. Finally, Marks Group Wealth Management Inc raised its stake in Chipotle Mexican Grill by 3.5% during the first quarter. Marks Group Wealth Management Inc now owns 108,814 shares of the restaurant operator’s stock worth $5,464,000 after purchasing an additional 3,728 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMG. UBS Group cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Stephens reaffirmed an “equal weight” rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, June 9th. Loop Capital cut their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Redburn Atlantic began coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Argus downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.28.

Chipotle Mexican Grill Trading Down 1.5%

CMG opened at $53.99 on Wednesday. The company has a fifty day simple moving average of $52.75 and a 200 day simple moving average of $53.03. The firm has a market cap of $72.75 billion, a price-to-earnings ratio of 47.78, a PEG 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 announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $13.37 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.