Gilbert & Cook Inc. Cuts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gilbert & Cook Inc. lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,278 shares of the restaurant operator’s stock after selling 1,695 shares during the quarter. Chipotle Mexican Grill comprises 0.4% of Gilbert & Cook Inc.’s portfolio, making the stock its 23rd largest position. Gilbert & Cook Inc.’s holdings in Chipotle Mexican Grill were worth $2,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Nwam LLC purchased a new stake in Chipotle Mexican Grill in the first quarter worth about $220,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Chipotle Mexican Grill by 19.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,990 shares of the restaurant operator’s stock valued at $5,784,000 after buying an additional 327 shares during the last quarter. Seven Eight Capital LP grew its holdings in shares of Chipotle Mexican Grill by 1,058.7% during the first quarter. Seven Eight Capital LP now owns 1,599 shares of the restaurant operator’s stock valued at $4,648,000 after buying an additional 1,461 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Chipotle Mexican Grill by 1.0% during the first quarter. Clearbridge Investments LLC now owns 3,422 shares of the restaurant operator’s stock valued at $9,947,000 after buying an additional 34 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in shares of Chipotle Mexican Grill by 216.5% during the first quarter. UniSuper Management Pty Ltd now owns 728 shares of the restaurant operator’s stock valued at $2,116,000 after buying an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $58.63 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $43.10 and a one year high of $69.26. The firm has a market cap of $79.89 billion, a P/E ratio of 54.57, a P/E/G ratio of 2.36 and a beta of 1.26. The firm has a 50-day simple moving average of $58.02 and a 200-day simple moving average of $81.18.

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, 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 firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the business posted $0.23 EPS. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity

In related news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 approximately $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 over the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMG. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada began coverage on shares of Chipotle Mexican Grill in a report on Friday. They set an “outperform” rating and a $70.00 price target on the stock. Evercore ISI increased their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, The Goldman Sachs Group dropped their target price 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. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $65.27.

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.