Groupe la Francaise Has $11.69 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Groupe la Francaise cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 229,623 shares of the restaurant operator’s stock after selling 171,449 shares during the period. Groupe la Francaise’s holdings in Chipotle Mexican Grill were worth $11,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CMG. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $25,000. HighMark Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares during the last quarter. North Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $30,000. ORG Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $45,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.6%

Shares of CMG opened at $43.58 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $41.18 and a 12 month high of $66.74. The firm’s 50 day moving average is $49.60 and its 200-day moving average is $50.62. The stock has a market capitalization of $58.44 billion, a PE ratio of 38.91, a P/E/G ratio of 2.18 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. Barclays cut their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Guggenheim cut their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. TD Securities restated a “buy” rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 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, the company presently has an average rating of “Moderate Buy” and an average target price of $60.22.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 109,815 shares of the company’s stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by insiders.

About Chipotle Mexican Grill

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.