Carl P. Sherr & Co. LLC Trims Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Carl P. Sherr & Co. LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.6% in the third quarter, Holdings Channel.com reports. The fund owned 11,950 shares of the restaurant operator’s stock after selling 7,850 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Chipotle Mexican Grill were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Cetera Investment Advisers raised its holdings in shares of Chipotle Mexican Grill by 155.1% in the first quarter. Cetera Investment Advisers now owns 4,585 shares of the restaurant operator’s stock valued at $13,328,000 after buying an additional 2,788 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 166.4% in the first quarter. Cetera Advisors LLC now owns 1,055 shares of the restaurant operator’s stock valued at $3,067,000 after buying an additional 659 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Chipotle Mexican Grill by 6.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 8,082 shares of the restaurant operator’s stock worth $23,864,000 after acquiring an additional 464 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of Chipotle Mexican Grill by 1.1% during the first quarter. Westwood Holdings Group Inc. now owns 13,490 shares of the restaurant operator’s stock worth $39,212,000 after acquiring an additional 149 shares during the period. Finally, Railway Pension Investments Ltd acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $1,163,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 1.1 %

CMG opened at $62.05 on Friday. The company has a fifty day simple moving average of $58.81 and a 200 day simple moving average of $80.88. The firm has a market cap of $84.55 billion, a price-to-earnings ratio of 57.99, a PEG ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a twelve month low of $43.66 and a twelve month 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 business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’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 transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their ownership of the stock. 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. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $67.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note 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 research note on Wednesday, August 14th. Truist Financial boosted their price target on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $65.27.

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.