Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Trimmed by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,957 shares of the restaurant operator’s stock after selling 2,668 shares during the period. Lecap Asset Management Ltd.’s holdings in Chipotle Mexican Grill were worth $721,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMG. Golden State Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $371,000. FFG Partners LLC boosted its stake in Chipotle Mexican Grill by 4.2% in the 4th quarter. FFG Partners LLC now owns 150,705 shares of the restaurant operator’s stock worth $9,088,000 after purchasing an additional 6,065 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Chipotle Mexican Grill by 8.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 156,738 shares of the restaurant operator’s stock worth $9,451,000 after purchasing an additional 11,726 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at $800,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.1 %

CMG opened at $57.29 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The firm has a market capitalization of $78.06 billion, a P/E ratio of 53.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The stock’s 50 day moving average price is $60.17 and its two-hundred day moving average price is $57.83.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Transactions 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 transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade 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. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday. Stephens dropped their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

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.