Hartford Investment Management Co. Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hartford Investment Management Co. cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,177 shares of the restaurant operator’s stock after selling 1,923 shares during the quarter. Hartford Investment Management Co.’s holdings in Chipotle Mexican Grill were worth $4,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Chipotle Mexican Grill in the second quarter valued at about $25,000. Riverview Trust Co raised its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. RiverPark Advisors LLC raised its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the last quarter. Archer Investment Corp purchased a new stake in Chipotle Mexican Grill in the second quarter valued at about $25,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake 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. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock worth $2,817,127 over the last quarter. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Wedbush restated an “outperform” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, August 29th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Truist Financial raised their price objective on Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $63.03.

Chipotle Mexican Grill Trading Down 1.5 %

Shares of CMG opened at $59.01 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $35.97 and a 12 month high of $69.26. The stock’s 50 day moving average is $56.52 and its two-hundred day moving average is $81.32. The firm has a market cap of $81.04 billion, a P/E ratio of 62.78, a PEG ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $12.65 earnings per share. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 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.