Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,945 shares of the restaurant operator’s stock after selling 1,504 shares during the period. Yousif Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $8,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CMG. Union Bancaire Privee UBP SA acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $32,742,000. Revolve Wealth Partners LLC grew its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $800,000. Wilmington Savings Fund Society FSB grew its position in shares of Chipotle Mexican Grill by 57.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 18,215 shares of the restaurant operator’s stock worth $1,098,000 after acquiring an additional 6,626 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Empowered Funds LLC now owns 25,092 shares of the restaurant operator’s stock worth $1,513,000 after acquiring an additional 3,087 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, June 2nd. The shares were 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 of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Evercore ISI lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. 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 for the company in a research report on Thursday, April 24th. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research report on Tuesday. They set a “neutral” rating and a $55.00 price target for the company. Finally, Truist Financial lowered their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.37.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $50.61 on Wednesday. The stock has a market cap of $68.19 billion, a P/E ratio of 45.59, a P/E/G ratio of 2.04 and a beta of 1.06. The firm has a 50 day simple moving average of $50.12 and a 200 day simple moving average of $54.51. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

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

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.