Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Connable Office Inc.

Connable Office Inc. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,528 shares of the restaurant operator’s stock after selling 400 shares during the quarter. Connable Office Inc.’s holdings in Chipotle Mexican Grill were worth $1,901,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CMG. Cornerstone Wealth Group LLC lifted its holdings in Chipotle Mexican Grill by 10.6% in the third quarter. Cornerstone Wealth Group LLC now owns 3,551 shares of the restaurant operator’s stock valued at $205,000 after acquiring an additional 341 shares during the period. Financial Advocates Investment Management increased its position in shares of Chipotle Mexican Grill by 3.4% during the third quarter. Financial Advocates Investment Management now owns 14,306 shares of the restaurant operator’s stock worth $824,000 after purchasing an additional 466 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in Chipotle Mexican Grill by 12.9% in the 3rd quarter. Catalyst Financial Partners LLC now owns 6,526 shares of the restaurant operator’s stock valued at $376,000 after buying an additional 745 shares in the last quarter. US Bancorp DE grew its holdings in Chipotle Mexican Grill by 12.9% in the 3rd quarter. US Bancorp DE now owns 115,987 shares of the restaurant operator’s stock valued at $6,683,000 after buying an additional 13,237 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $341,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $54.04 on Friday. The stock’s 50-day moving average is $57.38 and its two-hundred day moving average is $58.04. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The company has a market cap of $73.25 billion, a price-to-earnings ratio of 48.68, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated 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 in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CMG has been the subject of several analyst reports. Evercore ISI upped their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Oppenheimer upped their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Stephens dropped their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Ten 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 data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.31.

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.