White Wing Wealth Management Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

White Wing Wealth Management reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,989 shares of the restaurant operator’s stock after selling 909 shares during the period. Chipotle Mexican Grill accounts for about 0.3% of White Wing Wealth Management’s portfolio, making the stock its 17th largest position. White Wing Wealth Management’s holdings in Chipotle Mexican Grill were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $315,220,000. Vinva Investment Management Ltd increased its holdings in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after buying an additional 21,864 shares during the period. ING Groep NV raised its holdings in shares of Chipotle Mexican Grill by 203.4% during the fourth quarter. ING Groep NV now owns 524,132 shares of the restaurant operator’s stock worth $31,605,000 after purchasing an additional 351,382 shares during the last quarter. Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill in the first quarter valued at $7,773,000. Finally, K.J. Harrison & Partners Inc grew its position in Chipotle Mexican Grill by 46.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 50,250 shares of the restaurant operator’s stock worth $3,009,000 after purchasing an additional 16,000 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG opened at $51.39 on Wednesday. The company’s 50 day simple moving average is $50.52 and its two-hundred day simple moving average is $54.14. The firm has a market capitalization of $69.24 billion, a price-to-earnings ratio of 45.48, a price-to-earnings-growth ratio of 2.61 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 announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $13.37 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMG. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Barclays lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Guggenheim set a $47.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, April 25th. Finally, Wells Fargo & Company decreased 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 research report on Tuesday, April 22nd. Ten research 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 stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $61.37.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction dated 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 now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by company insiders.

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.