Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 33.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,050 shares of the restaurant operator's stock after selling 30,000 shares during the period. Aviance Capital Partners LLC's holdings in Chipotle Mexican Grill were worth $3,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. grew its position in Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 9 shares in the last quarter. Crewe Advisors LLC bought a new position in Chipotle Mexican Grill in the first quarter worth about $44,000. LRI Investments LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $168,000. Pacific Center for Financial Services grew its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator's stock worth $157,000 after acquiring an additional 4 shares during the last quarter. Finally, Western Pacific Wealth Management LP grew its position in Chipotle Mexican Grill by 27.3% in the 1st quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator's stock worth $203,000 after purchasing an additional 15 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.1 %

NYSE:CMG traded down $0.06 during trading hours on Tuesday, hitting $58.75. 9,444,620 shares of the stock traded hands, compared to its average volume of 13,796,237. The company has a market cap of $80.05 billion, a price-to-earnings ratio of 54.89, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1 year low of $43.20 and a 1 year high of $69.26. The stock has a 50 day moving average price of $58.11 and a 200 day moving average price of $81.28.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CMG shares. Evercore ISI boosted their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Stifel Nicolaus reissued a "buy" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Guggenheim boosted their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Oppenheimer restated an "outperform" rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.27.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares of the company's stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company's stock, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by insiders.

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.