NorthCrest Asset Manangement LLC Sells 250 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

NorthCrest Asset Manangement LLC decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,819 shares of the restaurant operator’s stock after selling 250 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Chipotle Mexican Grill were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd acquired a new position in Chipotle Mexican Grill during the second quarter worth about $470,000. Acadian Asset Management LLC increased its position in Chipotle Mexican Grill by 12,221.1% during the 2nd quarter. Acadian Asset Management LLC now owns 60,250 shares of the restaurant operator’s stock worth $3,773,000 after purchasing an additional 59,761 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $123,000. Andra AP fonden boosted its position in Chipotle Mexican Grill by 316.7% in the second quarter. Andra AP fonden now owns 10,000 shares of the restaurant operator’s stock valued at $626,000 after buying an additional 7,600 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in shares of Chipotle Mexican Grill by 4,540.6% during the second quarter. Coldstream Capital Management Inc. now owns 25,384 shares of the restaurant operator’s stock worth $1,590,000 after buying an additional 24,837 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. TD Cowen upped their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Trading Down 1.3 %

NYSE CMG traded down $0.75 on Friday, hitting $57.17. 3,043,598 shares of the company were exchanged, compared to its average volume of 7,121,598. The company has a market cap of $77.90 billion, a PE ratio of 53.21, a PEG ratio of 2.64 and a beta of 1.27. The stock has a fifty day moving average of $60.98 and a 200-day moving average of $80.51. Chipotle Mexican Grill, Inc. has a 12 month low of $44.53 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue was up 13.0% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’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 completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.