New York Life Investment Management LLC Has $12.22 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

New York Life Investment Management LLC lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,686 shares of the restaurant operator’s stock after selling 395 shares during the quarter. New York Life Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $12,222,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CMG. Pallas Capital Advisors LLC lifted its stake in Chipotle Mexican Grill by 45.2% during the third quarter. Pallas Capital Advisors LLC now owns 9,042 shares of the restaurant operator’s stock worth $537,000 after purchasing an additional 2,816 shares during the period. abrdn plc raised its holdings in shares of Chipotle Mexican Grill by 6.2% in the 3rd quarter. abrdn plc now owns 547,501 shares of the restaurant operator’s stock worth $31,572,000 after buying an additional 31,751 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of Chipotle Mexican Grill by 3.8% in the 3rd quarter. Valmark Advisers Inc. now owns 13,031 shares of the restaurant operator’s stock worth $751,000 after buying an additional 481 shares in the last quarter. Adell Harriman & Carpenter Inc. bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $234,000. Finally, Pathway Financial Advisers LLC boosted its stake in Chipotle Mexican Grill by 5,662.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 8,493 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Raymond James cut their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Down 1.2 %

CMG stock opened at $52.76 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company has a market cap of $71.50 billion, a P/E ratio of 47.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business’s fifty day moving average is $57.53 and its 200-day moving average is $58.05.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.