Johnson Investment Counsel Inc. Sells 410 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Johnson Investment Counsel Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,258 shares of the restaurant operator’s stock after selling 410 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Chipotle Mexican Grill were worth $364,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Davidson Capital Management Inc. raised its position in Chipotle Mexican Grill by 31,303.7% during the first quarter. Davidson Capital Management Inc. now owns 51,502 shares of the restaurant operator’s stock valued at $2,586,000 after purchasing an additional 51,338 shares during the period. Community Bank N.A. increased its position in shares of Chipotle Mexican Grill by 84.2% during the 1st quarter. Community Bank N.A. now owns 18,320 shares of the restaurant operator’s stock valued at $920,000 after purchasing an additional 8,375 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Chipotle Mexican Grill by 1.9% during the 1st quarter. State of Alaska Department of Revenue now owns 178,650 shares of the restaurant operator’s stock valued at $8,969,000 after purchasing an additional 3,305 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Chipotle Mexican Grill by 104.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 9,098 shares of the restaurant operator’s stock valued at $466,000 after buying an additional 4,649 shares during the period. Finally, Lion Street Advisors LLC bought a new stake in Chipotle Mexican Grill in the first quarter worth $250,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $52.81 on Monday. The company has a market cap of $71.15 billion, a PE ratio of 46.73, a P/E/G ratio of 2.62 and a beta of 1.06. The firm’s 50 day moving average price is $50.63 and its 200-day moving average price is $53.86. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $66.74.

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. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business earned $13.37 earnings per share. Chipotle Mexican Grill’s revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

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 shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CMG has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada dropped 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 note on Thursday, April 24th. TD Securities reissued a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $60.79.

Chipotle Mexican Grill 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.