Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,172,383 shares of the restaurant operator’s stock after selling 19,636 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Chipotle Mexican Grill worth $191,295,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMG. Sanctuary Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $186,000. Brookstone Capital Management lifted its stake in shares of Chipotle Mexican Grill by 71.6% during the 3rd quarter. Brookstone Capital Management now owns 46,639 shares of the restaurant operator’s stock worth $2,687,000 after purchasing an additional 19,464 shares during the period. Wedmont Private Capital lifted its stake in shares of Chipotle Mexican Grill by 9.2% during the 3rd quarter. Wedmont Private Capital now owns 29,947 shares of the restaurant operator’s stock worth $1,699,000 after purchasing an additional 2,521 shares during the period. USA Financial Formulas purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $171,000. Finally, Watts Gwilliam & Co. LLC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $510,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMG. Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Piper Sandler cut their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Evercore ISI raised their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their target price on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 0.1 %

CMG opened at $57.29 on Friday. The business’s 50 day moving average is $60.17 and its 200-day moving average is $57.83. The stock has a market cap of $78.06 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. As a group, analysts forecast 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.