Massachusetts Financial Services Co. MA Sells 227,413 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Massachusetts Financial Services Co. MA decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,082,719 shares of the restaurant operator’s stock after selling 227,413 shares during the period. Massachusetts Financial Services Co. MA owned 0.74% of Chipotle Mexican Grill worth $580,966,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Chipotle Mexican Grill by 8.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 83,900 shares of the restaurant operator’s stock worth $4,834,000 after acquiring an additional 6,750 shares during the period. Intech Investment Management LLC boosted its stake in Chipotle Mexican Grill by 224.2% in the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after purchasing an additional 1,173,207 shares during the period. Cornerstone Advisors LLC grew its holdings in Chipotle Mexican Grill by 1.1% during the 3rd quarter. Cornerstone Advisors LLC now owns 75,800 shares of the restaurant operator’s stock valued at $4,368,000 after buying an additional 800 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Chipotle Mexican Grill by 21.8% during the third quarter. Citizens Financial Group Inc. RI now owns 3,896 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 696 shares during the period. Finally, Moran Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 14.2% in the third quarter. Moran Wealth Management LLC now owns 12,768 shares of the restaurant operator’s stock worth $736,000 after buying an additional 1,588 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $60.01 on Friday. The firm’s 50-day simple moving average is $58.33 and its two-hundred day simple moving average is $80.95. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The stock has a market cap of $81.77 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMG shares. Wells Fargo & Company increased their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Oppenheimer restated an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Wedbush reissued an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Barclays increased their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is currently owned by company 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.