Optas LLC Sells 4,892 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Optas LLC lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,268 shares of the restaurant operator’s stock after selling 4,892 shares during the period. Optas LLC’s holdings in Chipotle Mexican Grill were worth $740,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in shares of Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after buying an additional 48,126 shares in the last quarter. L & S Advisors Inc bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $3,256,000. Harrell Investment Partners LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $2,513,000. Savvy Advisors Inc. bought a new position in Chipotle Mexican Grill in the 3rd quarter worth about $758,000. Finally, Pathway Financial Advisers LLC grew its stake in Chipotle Mexican Grill by 5,662.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock worth $498,000 after acquiring an additional 8,493 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMG shares. Wells Fargo & Company increased their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird raised their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.88.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.0 %

CMG stock opened at $58.36 on Tuesday. The company has a market capitalization of $79.53 billion, a P/E ratio of 54.32, a PEG ratio of 2.07 and a beta of 1.27. The company has a 50-day simple moving average of $60.50 and a 200 day simple moving average of $57.77. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26.

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.