HBK Sorce Advisory LLC Has $758,000 Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

HBK Sorce Advisory LLC lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,105 shares of the restaurant operator’s stock after selling 384 shares during the period. HBK Sorce Advisory LLC’s holdings in Chipotle Mexican Grill were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Chipotle Mexican Grill by 312.5% during the 1st 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 during the last quarter. Finally, Global Financial Private Client LLC boosted its stake in Chipotle Mexican Grill by 136.2% in the first quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 business has a 50-day simple moving average of $50.97 and a two-hundred day simple moving average of $53.80. The company has a market capitalization of $74.25 billion, a P/E ratio of 48.77, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week 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 for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $13.37 earnings per share. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on CMG shares. Evercore ISI lowered their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Morgan Stanley cut their target price on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Argus downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.79.

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.