Amalgamated Bank Sells 14,626 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Amalgamated Bank decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,969 shares of the restaurant operator’s stock after selling 14,626 shares during the quarter. Amalgamated Bank’s holdings in Chipotle Mexican Grill were worth $18,148,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new position in Chipotle Mexican Grill in the third quarter worth $877,000. Arkadios Wealth Advisors grew its stake in Chipotle Mexican Grill by 35.3% in the third quarter. Arkadios Wealth Advisors now owns 10,451 shares of the restaurant operator’s stock valued at $602,000 after acquiring an additional 2,725 shares during the period. State of Alaska Department of Revenue grew its stake in Chipotle Mexican Grill by 19.8% in the third quarter. State of Alaska Department of Revenue now owns 179,085 shares of the restaurant operator’s stock valued at $10,318,000 after acquiring an additional 29,655 shares during the period. Inscription Capital LLC grew its stake in Chipotle Mexican Grill by 2.8% in the third quarter. Inscription Capital LLC now owns 8,016 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 216 shares during the period. Finally, Asahi Life Asset Management CO. LTD. acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $528,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CMG shares. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Wedbush reduced their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Loop Capital upped their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on 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, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Ten equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $51.15 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm has a market capitalization of $69.32 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm’s 50-day moving average is $58.11 and its two-hundred day moving average is $58.14.

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

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.02% of the company’s stock.

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.