Tritonpoint Wealth LLC Sells 803 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Tritonpoint Wealth LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 100,915 shares of the restaurant operator’s stock after selling 803 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Chipotle Mexican Grill were worth $5,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Norges Bank bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator’s stock worth $501,620,000 after buying an additional 8,318,534 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after buying an additional 6,853,470 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.3%

NYSE:CMG opened at $50.24 on Friday. The firm has a market capitalization of $67.70 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The stock’s 50 day moving average price is $50.38 and its two-hundred day moving average price is $54.33.

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

Analyst Ratings Changes

Several brokerages recently issued reports on CMG. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Evercore ISI reduced 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 report on Thursday, April 24th. Barclays reduced 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 report on Tuesday, April 22nd. Morgan Stanley reduced 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. Finally, Royal Bank of Canada reduced 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 report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $61.37.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction that occurred 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 now directly owns 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by 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.