KBC Group NV Sells 625,051 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

KBC Group NV lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 73.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,049 shares of the restaurant operator’s stock after selling 625,051 shares during the quarter. KBC Group NV’s holdings in Chipotle Mexican Grill were worth $13,256,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the period. Crewe Advisors LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $44,000. LRI Investments LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $168,000. Pacific Center for Financial Services raised its holdings in Chipotle Mexican Grill by 8.0% in the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after acquiring an additional 4 shares during the period. Finally, Nwam LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $220,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMG shares. Royal Bank of Canada initiated coverage on Chipotle Mexican Grill in a research report on Friday. They issued an “outperform” rating and a $70.00 price target on the stock. Wells Fargo & Company lifted their price target on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, KeyCorp cut their target price on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Ten 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 a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Trading Down 2.1 %

Shares of Chipotle Mexican Grill stock opened at $58.63 on Friday. The stock has a market capitalization of $79.89 billion, a price-to-earnings ratio of 54.79, a P/E/G ratio of 2.39 and a beta of 1.26. The firm’s 50-day moving average price is $58.02 and its two-hundred day moving average price is $81.06. Chipotle Mexican Grill, Inc. has a 1-year low of $43.10 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results 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. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Chipotle Mexican Grill 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.