Vantage Investment Partners LLC Lowers Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vantage Investment Partners LLC reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 639,663 shares of the restaurant operator’s stock after selling 201,437 shares during the period. Chipotle Mexican Grill accounts for 3.1% of Vantage Investment Partners LLC’s portfolio, making the stock its 12th biggest holding. Vantage Investment Partners LLC’s holdings in Chipotle Mexican Grill were worth $36,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CMG. Shellback Capital LP lifted its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after purchasing an additional 122,500 shares in the last quarter. Swedbank AB purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $53,979,000. Optas LLC raised its holdings in shares of Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Chipotle Mexican Grill by 5,662.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock worth $498,000 after acquiring an additional 8,493 shares in the last quarter. Finally, Transform Wealth LLC raised its holdings in shares of Chipotle Mexican Grill by 4,760.7% during the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after acquiring an additional 9,331 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $59.27 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $69.26. The company has a market capitalization of $80.76 billion, a P/E ratio of 55.17, a PEG ratio of 2.37 and a beta of 1.26. The stock has a 50-day simple moving average of $57.46 and a 200-day simple moving average of $81.44.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Truist Financial upped their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Raymond James decreased their price target on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.47.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 in the company, valued at $26,052,740.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock valued at $1,866,023 in the last ninety days. Insiders own 1.02% of the company’s stock.

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.