Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Trimmed by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,250 shares of the restaurant operator’s stock after selling 2,956 shares during the quarter. Chipotle Mexican Grill accounts for approximately 2.3% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 4th largest position. Contravisory Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $10,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after buying an additional 438,007 shares during the period. Franklin Resources Inc. increased its stake in Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares during the period. Legal & General Group Plc lifted its position in shares of Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after purchasing an additional 518,521 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Chipotle Mexican Grill by 11.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after purchasing an additional 858,704 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the business’s 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 completion of the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $57.36 on Thursday. Chipotle Mexican Grill, Inc. has a 1-year low of $45.50 and a 1-year high of $69.26. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 2.64 and a beta of 1.27. The stock has a 50 day simple moving average of $60.94 and a 200-day simple moving average of $57.91.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. BMO Capital Markets upped their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Truist Financial raised their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Raymond James raised their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

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.