Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,917 shares of the restaurant operator’s stock after selling 2,325 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $477,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CMG. Legal & General Group Plc increased its stake in shares of Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares in the last quarter. Marshall Wace LLP boosted its holdings in Chipotle Mexican Grill by 76,617.6% in the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after buying an additional 5,897,255 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Chipotle Mexican Grill by 1,087.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock worth $271,547,000 after buying an additional 4,315,983 shares during the last quarter. Sei Investments Co. increased its stake in Chipotle Mexican Grill by 3,310.5% during the 2nd quarter. Sei Investments Co. now owns 3,853,584 shares of the restaurant operator’s stock worth $241,426,000 after buying an additional 3,740,593 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Chipotle Mexican Grill by 6,990.3% during the second quarter. AQR Capital Management LLC now owns 2,283,792 shares of the restaurant operator’s stock valued at $143,080,000 after acquiring an additional 2,251,582 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.4 %

CMG stock opened at $57.52 on Friday. The stock has a market cap of $78.38 billion, a P/E ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $46.01 and a twelve month high of $69.26. The company’s 50 day moving average is $60.91 and its two-hundred day moving average is $57.88.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMG. Loop Capital lifted their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Stephens reiterated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Jefferies Financial Group boosted their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Raymond James increased their price objective on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.81.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is currently owned by insiders.

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.