CHURCHILL MANAGEMENT Corp Sells 4,187 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

CHURCHILL MANAGEMENT Corp lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 441,348 shares of the restaurant operator’s stock after selling 4,187 shares during the period. Chipotle Mexican Grill accounts for 0.3% of CHURCHILL MANAGEMENT Corp’s investment portfolio, making the stock its 27th biggest holding. CHURCHILL MANAGEMENT Corp’s holdings in Chipotle Mexican Grill were worth $26,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of CMG. Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the last quarter. ZRC Wealth Management LLC grew its stake in Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares in the last quarter. Transcendent Capital Group LLC increased its holdings in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at $32,000. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated 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. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CMG shares. Royal Bank of Canada upped their price target on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Truist Financial raised their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Raymond James boosted their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, Loop Capital boosted 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $57.36 on Thursday. The firm has a market capitalization of $78.16 billion, a P/E ratio of 53.39, a PEG ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $45.50 and a one year high of $69.26. The business has a fifty day moving average of $60.94 and a 200 day moving average of $57.91.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.