Handelsbanken Fonder AB Sells 118,457 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Handelsbanken Fonder AB reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,196 shares of the restaurant operator’s stock after selling 118,457 shares during the period. Handelsbanken Fonder AB’s holdings in Chipotle Mexican Grill were worth $22,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elk River Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $208,000. Ieq Capital LLC grew its holdings in Chipotle Mexican Grill by 46.3% during the fourth quarter. Ieq Capital LLC now owns 128,381 shares of the restaurant operator’s stock valued at $7,741,000 after purchasing an additional 40,654 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Chipotle Mexican Grill by 14.6% in the fourth quarter. Global Retirement Partners LLC now owns 41,853 shares of the restaurant operator’s stock valued at $2,524,000 after purchasing an additional 5,345 shares during the period. Semus Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 3.2% in the fourth quarter. Semus Wealth Partners LLC now owns 9,492 shares of the restaurant operator’s stock worth $572,000 after buying an additional 290 shares during the last quarter. Finally, Wilkinson Global Asset Management LLC lifted its stake in shares of Chipotle Mexican Grill by 27.8% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 578,602 shares of the restaurant operator’s stock worth $34,890,000 after buying an additional 125,815 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James dropped their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. TD Cowen lifted their price objective 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. Wedbush decreased their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Piper Sandler lowered their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup upped their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $53.04 on Friday. The company has a market capitalization of $71.88 billion, a PE ratio of 47.77, a P/E/G ratio of 2.10 and a beta of 1.27. The company’s fifty day moving average is $58.91 and its 200-day moving average is $58.15. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week 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 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.