CHURCHILL MANAGEMENT Corp Reduces Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

CHURCHILL MANAGEMENT Corp lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 441,348 shares of the restaurant operator’s stock after selling 4,187 shares during the quarter. Chipotle Mexican Grill comprises approximately 0.3% of CHURCHILL MANAGEMENT Corp’s portfolio, making the stock its 27th largest position. CHURCHILL MANAGEMENT Corp’s holdings in Chipotle Mexican Grill were worth $26,613,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Rathbones Group PLC increased its stake in shares of Chipotle Mexican Grill by 4,697.3% during the second quarter. Rathbones Group PLC now owns 3,550 shares of the restaurant operator’s stock worth $222,000 after buying an additional 3,476 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Chipotle Mexican Grill by 4,408.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,050 shares of the restaurant operator’s stock worth $316,000 after purchasing an additional 4,938 shares during the period. Mesirow Financial Investment Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 5,026.6% during the second quarter. Mesirow Financial Investment Management Inc. now owns 4,050 shares of the restaurant operator’s stock worth $254,000 after buying an additional 3,971 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $200,000. Finally, WealthPLAN Partners LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $1,048,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of several research reports. Evercore ISI lifted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. TD Cowen increased their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Barclays raised their price target on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Price Performance

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

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. As a group, sell-side analysts anticipate 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.