ORG Partners LLC Sells 942 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

ORG Partners LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,733 shares of the restaurant operator’s stock after selling 942 shares during the period. ORG Partners LLC’s holdings in Chipotle Mexican Grill were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CMG. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of 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 acquiring an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of 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 acquiring an additional 6,853,470 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $315,220,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.9%

Shares of NYSE:CMG opened at $52.81 on Friday. The stock’s 50-day moving average price is $50.63 and its 200-day moving average price is $53.94. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $66.74. The stock has a market capitalization of $71.15 billion, a P/E ratio of 46.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm earned $13.37 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CMG. Redburn Atlantic began coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a “neutral” rating and a $55.00 target price on the stock. UBS Group lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. KeyCorp lowered their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Finally, Barclays lowered their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.79.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.81% of the company’s stock.

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.