IAM Advisory LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,966 shares of the restaurant operator’s stock after selling 601 shares during the quarter. IAM Advisory LLC’s holdings in Chipotle Mexican Grill were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of CMG. Geode Capital Management LLC grew its position in shares of Chipotle Mexican Grill by 1.6% in the 3rd 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 last quarter. Franklin Resources Inc. lifted 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 acquiring an additional 381,873 shares during the period. Legal & General Group Plc boosted its holdings in Chipotle Mexican Grill by 5,209.5% in the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after acquiring an additional 10,729,706 shares in the last quarter. Janus Henderson Group PLC increased its position in Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after purchasing an additional 518,521 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Chipotle Mexican Grill by 11.6% in the 3rd 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 worth $476,593,000 after purchasing an additional 858,704 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.
Chipotle Mexican Grill Stock Down 1.4 %
Shares of CMG stock opened at $57.52 on Friday. The company has a 50 day moving average price of $60.91 and a 200-day moving average price of $57.88. Chipotle Mexican Grill, Inc. has a 52 week low of $46.01 and a 52 week high of $69.26. The firm has a market capitalization of $78.38 billion, a PE ratio of 53.54, a P/E/G ratio of 1.91 and a beta of 1.27.
Wall Street Analyst Weigh In
CMG has been the topic of a number of research reports. Raymond James lifted 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 note on Monday, December 16th. Robert W. Baird raised their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Wedbush reiterated an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.
Read Our Latest Analysis on CMG
Insider Buying and Selling
In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is currently owned by corporate insiders.
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.
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