Quent Capital LLC Has $640,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Quent Capital LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,619 shares of the restaurant operator’s stock after selling 1,000 shares during the quarter. Quent Capital LLC’s holdings in Chipotle Mexican Grill were worth $640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Assenagon Asset Management S.A. raised its position in Chipotle Mexican Grill by 1,087.9% during the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after purchasing an additional 4,315,983 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $109,396,000. Thrivent Financial for Lutherans raised its holdings in shares of Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after buying an additional 1,848,625 shares in the last quarter. Raymond James & Associates lifted its position in shares of Chipotle Mexican Grill by 94.3% during the 3rd quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after buying an additional 1,441,172 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Chipotle Mexican Grill by 5,188.9% in the third quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock valued at $818,860,000 after buying an additional 1,394,270 shares in the last quarter. 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 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 transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.7 %

CMG stock opened at $56.22 on Wednesday. The firm has a market cap of $76.60 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.14 and a beta of 1.27. The company’s fifty day simple moving average is $60.03 and its 200 day simple moving average is $57.99. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on CMG shares. Barclays lowered their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Raymond James lowered 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. Finally, KeyCorp dropped their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.