Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,115 shares of the restaurant operator’s stock after selling 1,185 shares during the period. Moors & Cabot Inc.’s holdings in Chipotle Mexican Grill were worth $929,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Semmax Financial Advisors Inc. boosted its position in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $168,000. Pacific Center for Financial Services lifted its stake in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after purchasing an additional 4 shares in the last quarter. Western Pacific Wealth Management LP grew its stake in Chipotle Mexican Grill by 27.3% during the first quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock worth $203,000 after buying an additional 15 shares during the period. Finally, Morse Asset Management Inc purchased a new position in Chipotle Mexican Grill in the first quarter valued at about $294,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price target on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Truist Financial increased their price target on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Loop Capital boosted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $60.01 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $43.66 and a 1 year high of $69.26. The firm’s 50-day moving average is $58.33 and its two-hundred day moving average is $80.95. The stock has a market cap of $81.77 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,290 shares of company stock worth $1,866,023. Company insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.