Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by CAP Partners LLC

CAP Partners LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,501 shares of the restaurant operator’s stock after selling 374 shares during the quarter. CAP Partners LLC’s holdings in Chipotle Mexican Grill were worth $202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $25,000. Riverview Trust Co lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. RiverPark Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $25,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was 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 of the company’s stock, valued at $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of the company’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 completion of the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CMG shares. Piper Sandler increased their price target 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. Oppenheimer reiterated an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. KeyCorp decreased their price objective 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. Finally, Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $58.68 on Monday. The company has a market capitalization of $79.96 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a one year low of $43.20 and a one year high of $69.26. The company’s fifty day moving average price is $58.02 and its two-hundred day moving average price is $81.31.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share 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.