SeaCrest Wealth Management LLC Decreases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

SeaCrest Wealth Management LLC reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.3% during the first quarter, HoldingsChannel.com reports. The firm owned 17,521 shares of the restaurant operator’s stock after selling 2,014 shares during the period. SeaCrest Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Mascagni Wealth Management Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $50,000. Finally, Sierra Ocean LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $52.57 on Friday. The company’s 50 day simple moving average is $50.12 and its 200-day simple moving average is $54.68. The company has a market capitalization of $70.83 billion, a price-to-earnings ratio of 47.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly 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. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $13.37 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have issued reports on CMG shares. Morgan Stanley decreased their price target on shares of 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 objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Argus lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Loop Capital dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.60.

Chipotle Mexican Grill Company 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.