American Trust Cuts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

American Trust reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 15.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155 shares of the restaurant operator’s stock after selling 28 shares during the quarter. American Trust’s holdings in Chipotle Mexican Grill were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Core Alternative Capital grew its holdings in Chipotle Mexican Grill by 433.3% during the 1st quarter. Core Alternative Capital now owns 16 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 13 shares in the last quarter. James Reed Financial Services Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $27,000. Riverview Trust Co purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $30,000. Finally, Byrne Asset Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $1,693.57 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $1,196.28 and a one year high of $1,958.55. The stock has a market capitalization of $47.02 billion, a price-to-earnings ratio of 63.41, a PEG ratio of 2.23 and a beta of 1.30. The stock has a 50 day moving average price of $1,564.17 and a 200 day moving average price of $1,469.18.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, topping the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 35.14% and a net margin of 9.28%. During the same quarter in the previous year, the business earned $7.46 earnings per share. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 32.5 earnings per share for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, CMO Christopher W. Brandt sold 1,532 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the completion of the sale, the chief marketing officer now directly owns 8,508 shares in the company, valued at approximately $12,795,691.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $1,533.44, for a total value of $2,508,707.84. Following the completion of the sale, the insider now directly owns 5,258 shares in the company, valued at approximately $8,062,827.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Christopher W. Brandt sold 1,532 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total value of $2,304,066.72. Following the completion of the sale, the chief marketing officer now owns 8,508 shares of the company’s stock, valued at $12,795,691.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,825 shares of company stock worth $15,603,167. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMG shares. Deutsche Bank Aktiengesellschaft lowered their target price on Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating for the company in a research report on Wednesday, July 27th. Cowen lowered their price target on Chipotle Mexican Grill from $1,830.00 to $1,600.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Morgan Stanley raised their price target on Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. KeyCorp lowered their price target on Chipotle Mexican Grill from $1,900.00 to $1,750.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. Finally, Raymond James lowered their price target on Chipotle Mexican Grill from $1,850.00 to $1,700.00 in a report on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,837.55.

Chipotle Mexican Grill Company Profile

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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