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

Sendero Wealth Management LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 52.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 534 shares of the restaurant operator’s stock after selling 586 shares during the quarter. Sendero Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,552,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CMG. Register Financial Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $102,000. Artemis Investment Management LLP acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $16,662,000. 180 Wealth Advisors LLC lifted its position in Chipotle Mexican Grill by 9.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 115 shares of the restaurant operator’s stock worth $334,000 after acquiring an additional 10 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Chipotle Mexican Grill by 8.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,566 shares of the restaurant operator’s stock worth $7,459,000 after acquiring an additional 190 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $279,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 125,450 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.29, for a total value of $7,939,579.96. Following the transaction, the insider now owns 54,250 shares in the company, valued at $3,433,417.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the transaction, the director now owns 1,362,500 shares in the company, valued at $86,273,772.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Roger E. Theodoredis sold 125,450 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.29, for a total value of $7,939,579.96. Following the transaction, the insider now owns 54,250 shares in the company, valued at approximately $3,433,417.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. TD Cowen decreased their price objective on Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday. Sanford C. Bernstein raised their price target on Chipotle Mexican Grill from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Citigroup raised their price target on Chipotle Mexican Grill from $67.16 to $67.38 and gave the company a “buy” rating in a report on Thursday, April 25th. Stephens raised their price target on Chipotle Mexican Grill from $60.20 to $61.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, BTIG Research raised their price target on Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $64.29.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $0.42 during midday trading on Friday, reaching $62.83. The stock had a trading volume of 22,109,018 shares, compared to its average volume of 13,376,405. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The stock has a market capitalization of $86.29 billion, a PE ratio of 66.84, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. The stock’s 50-day simple moving average is $127.77 and its 200 day simple moving average is $77.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal 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.