Asset Management One Co. Ltd. Reduces Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Asset Management One Co. Ltd. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,289 shares of the restaurant operator’s stock after selling 453 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $30,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. National Pension Service lifted its position in Chipotle Mexican Grill by 13.7% during the third quarter. National Pension Service now owns 3,598,737 shares of the restaurant operator’s stock worth $207,359,000 after buying an additional 434,237 shares during the period. Intact Investment Management Inc. increased its stake in shares of Chipotle Mexican Grill by 103.7% during the 3rd quarter. Intact Investment Management Inc. now owns 19,350 shares of the restaurant operator’s stock valued at $1,115,000 after acquiring an additional 9,850 shares during the last quarter. KG&L Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 24.0% during the 3rd quarter. KG&L Capital Management LLC now owns 5,961 shares of the restaurant operator’s stock worth $343,000 after acquiring an additional 1,155 shares during the period. Forum Financial Management LP boosted its position in shares of Chipotle Mexican Grill by 6.5% in the third quarter. Forum Financial Management LP now owns 9,013 shares of the restaurant operator’s stock worth $519,000 after acquiring an additional 553 shares during the last quarter. Finally, BSW Wealth Partners grew its holdings in Chipotle Mexican Grill by 27.7% in the third quarter. BSW Wealth Partners now owns 9,156 shares of the restaurant operator’s stock valued at $528,000 after purchasing an additional 1,985 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,290 shares of company stock worth $1,866,023. Company insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMG shares. The Goldman Sachs Group decreased their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Barclays upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler increased their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Chipotle Mexican Grill Stock Down 3.8 %

Shares of CMG stock opened at $56.38 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $40.73 and a 12 month high of $69.26. The company has a market cap of $77.21 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. The business’s 50 day moving average is $57.31 and its two-hundred day moving average is $81.45.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company posted $0.23 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.