Banque Cantonale Vaudoise Sells 4,224 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Banque Cantonale Vaudoise lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,726 shares of the restaurant operator’s stock after selling 4,224 shares during the period. Banque Cantonale Vaudoise’s holdings in Chipotle Mexican Grill were worth $2,058,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after acquiring an additional 19,759,754 shares in the last quarter. 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. Massachusetts Financial Services Co. MA boosted its holdings in Chipotle Mexican Grill by 5,930.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after acquiring an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Chipotle Mexican Grill by 4,816.1% in the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after acquiring an additional 8,186,198 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after acquiring an additional 5,897,255 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMG. TD Cowen boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Loop Capital upped their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada began coverage on Chipotle Mexican Grill in a research report on Friday, November 15th. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Barclays increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Stock Up 0.3 %

NYSE CMG opened at $58.88 on Thursday. The company has a fifty day moving average of $58.26 and a two-hundred day moving average of $81.10. The firm has a market capitalization of $80.23 billion, a price-to-earnings ratio of 55.03, a PEG ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 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.