Oak Ridge Investments LLC Decreases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oak Ridge Investments LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.9% in the first quarter, HoldingsChannel.com reports. The firm owned 29,382 shares of the restaurant operator’s stock after selling 878 shares during the quarter. Oak Ridge Investments LLC’s holdings in Chipotle Mexican Grill were worth $1,475,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CMG. Charles Schwab Investment Management Inc. increased its position in Chipotle Mexican Grill by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after purchasing an additional 491,002 shares during the period. Banco Santander S.A. lifted its position in shares of Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after purchasing an additional 10,246 shares during the period. Community Trust & Investment Co. bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $7,773,000. LPL Financial LLC increased its position in shares of Chipotle Mexican Grill by 4.3% during the first quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator’s stock valued at $64,086,000 after buying an additional 52,937 shares during the period. Finally, Jefferies Financial Group Inc. raised its stake in Chipotle Mexican Grill by 525.5% in the first quarter. Jefferies Financial Group Inc. now owns 102,236 shares of the restaurant operator’s stock worth $5,133,000 after buying an additional 85,892 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on 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 transaction, the insider directly owned 109,815 shares of the company’s stock, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $43.46 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The company has a market cap of $58.27 billion, a P/E ratio of 38.80, a PEG ratio of 2.18 and a beta of 1.05. The stock’s fifty day moving average price is $50.73 and its 200-day moving average price is $51.35.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. Chipotle Mexican Grill’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Morgan Stanley cut their price objective on Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Truist Financial dropped their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. TD Cowen reduced their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their price objective on 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. Finally, BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $56.00 to $65.00 in a report on Friday, July 18th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $60.61.

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.