Gulf International Bank UK Ltd Reduces Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gulf International Bank UK Ltd lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,983 shares of the restaurant operator’s stock after selling 1,191 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Chipotle Mexican Grill were worth $6,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC lifted its position in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC lifted its position in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $37,000. Finally, Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

CMG stock opened at $53.43 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The firm has a market cap of $72.41 billion, a PE ratio of 48.12, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50 day simple moving average of $57.71 and a 200 day simple moving average of $58.09.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by insiders.

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.