Contravisory Investment Management Inc. Sells 2,956 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Contravisory Investment Management Inc. lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 177,250 shares of the restaurant operator’s stock after selling 2,956 shares during the quarter. Chipotle Mexican Grill comprises approximately 2.3% of Contravisory Investment Management Inc.’s holdings, making the stock its 4th largest position. Contravisory Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $10,688,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group lifted 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 valued at $25,000 after buying an additional 392 shares during the last quarter. ZRC Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 384.0% in the 3rd 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 during the period. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $31,000. Transcendent Capital Group LLC boosted its position in shares of 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 purchasing an additional 475 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The shares were 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 $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on CMG. Piper Sandler upped their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Raymond James increased their target price on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Barclays lifted their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $57.36 on Thursday. The business has a 50 day simple moving average of $60.94 and a 200-day simple moving average of $57.91. Chipotle Mexican Grill, Inc. has a 12 month low of $45.50 and a 12 month high of $69.26. The stock has a market capitalization of $78.16 billion, a PE ratio of 53.39, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current 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.