Western Financial Corp CA Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Western Financial Corp CA decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 31,855 shares of the restaurant operator’s stock after selling 571 shares during the quarter. Chipotle Mexican Grill makes up approximately 0.9% of Western Financial Corp CA’s portfolio, making the stock its 27th biggest position. Western Financial Corp CA’s holdings in Chipotle Mexican Grill were worth $1,599,000 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. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $31,000. ORG Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. Mascagni Wealth Management Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Chipotle Mexican Grill by 312.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock worth $41,000 after buying an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of a number of analyst reports. Piper Sandler cut their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Argus downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. TD Securities reissued a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Stifel Nicolaus cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Finally, Citigroup decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $60.79.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value 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. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $55.11 on Thursday. The firm has a market cap of $74.25 billion, a PE ratio of 48.77, a P/E/G ratio of 2.71 and a beta of 1.06. The firm’s fifty day moving average is $50.97 and its 200 day moving average is $53.80. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year 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 (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the company posted $13.37 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.