Legacy Financial Advisors Inc. Has $305,000 Holdings in Chipotle Mexican Grill, Inc. $CMG

Legacy Financial Advisors Inc. decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,079 shares of the restaurant operator’s stock after selling 1,231 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of Chipotle Mexican Grill by 17.5% during the 1st quarter. Hsbc Holdings PLC now owns 3,556,643 shares of the restaurant operator’s stock worth $178,003,000 after acquiring an additional 529,007 shares during the period. Bank OZK increased its stake in Chipotle Mexican Grill by 16.8% in the first quarter. Bank OZK now owns 68,785 shares of the restaurant operator’s stock valued at $3,454,000 after acquiring an additional 9,876 shares during the last quarter. Quantbot Technologies LP raised its position in Chipotle Mexican Grill by 18.2% during the first quarter. Quantbot Technologies LP now owns 225,946 shares of the restaurant operator’s stock valued at $11,345,000 after purchasing an additional 34,871 shares in the last quarter. RWA Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 0.6% during the first quarter. RWA Wealth Partners LLC now owns 115,634 shares of the restaurant operator’s stock worth $5,806,000 after purchasing an additional 685 shares during the last quarter. Finally, Korea Investment CORP boosted its holdings in shares of Chipotle Mexican Grill by 1.4% in the 1st quarter. Korea Investment CORP now owns 1,159,081 shares of the restaurant operator’s stock valued at $58,197,000 after purchasing an additional 16,466 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated 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 directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James Financial decreased their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Robert W. Baird decreased their target price on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Royal Bank Of Canada dropped their target price 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. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Finally, Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $60.22.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $43.0860 on Thursday. The company has a 50 day simple moving average of $49.89 and a 200 day simple moving average of $50.84. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The firm has a market cap of $57.77 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. As a group, research analysts anticipate 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.