Sendero Wealth Management LLC Sells 586 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sendero Wealth Management LLC lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 52.3% in the first quarter, HoldingsChannel.com reports. 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 reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Steph & Co. bought a new position in shares of Chipotle Mexican Grill during the first quarter worth $29,000. Fortitude Family Office LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $37,000. ICA Group Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $37,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Oppenheimer lifted their target price on Chipotle Mexican Grill from $66.00 to $69.70 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Truist Financial lifted their target price on Chipotle Mexican Grill from $68.80 to $70.40 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus lifted their target price on Chipotle Mexican Grill from $54.00 to $65.40 and gave the company a “buy” rating in a research report on Thursday, April 11th. TD Cowen lowered their target price on Chipotle Mexican Grill from $3,600.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lifted their price target on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.29.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 125,450 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the sale, the insider now owns 54,250 shares of the company’s stock, valued at approximately $3,433,417.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Albert S. Baldocchi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.32, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roger E. Theodoredis sold 125,450 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.29, for a total value of $7,939,579.96. Following the completion of 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. Insiders have sold a total of 550,750 shares of company stock valued at $35,023,769 over the last ninety days. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded up $0.42 during trading on Friday, hitting $62.83. The company had a trading volume of 22,109,018 shares, compared to its average volume of 13,376,405. The firm has a market capitalization of $86.29 billion, a P/E ratio of 66.84, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. The stock’s 50-day moving average price is $127.77 and its 200 day moving average price is $77.99. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.