Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by USA Financial Formulas

USA Financial Formulas lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,442 shares of the restaurant operator’s stock after selling 530 shares during the quarter. USA Financial Formulas’ holdings in Chipotle Mexican Grill were worth $147,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CMG. Oliver Lagore Vanvalin Investment Group increased its stake in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. ZRC Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the last quarter. Transcendent Capital Group LLC raised its position in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at approximately $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter valued at $32,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMG shares. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Piper Sandler raised their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Finally, TD Cowen raised their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Stock Up 1.7 %

Shares of NYSE:CMG opened at $58.36 on Friday. The company has a market capitalization of $79.51 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The company has a 50 day moving average of $60.93 and a two-hundred day moving average of $57.91. Chipotle Mexican Grill, Inc. has a 52-week low of $45.62 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business earned $0.23 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities 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 other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.