Massmutual Trust Co. FSB ADV Sells 9 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Massmutual Trust Co. FSB ADV lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 18.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39 shares of the restaurant operator’s stock after selling 9 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Chipotle Mexican Grill were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rafferty Asset Management LLC grew its stake in Chipotle Mexican Grill by 117.0% in the 4th quarter. Rafferty Asset Management LLC now owns 293 shares of the restaurant operator’s stock valued at $512,000 after buying an additional 158 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $16,927,000. Siemens Fonds Invest GmbH grew its stake in Chipotle Mexican Grill by 39.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 418 shares of the restaurant operator’s stock valued at $730,000 after buying an additional 119 shares during the last quarter. Thames Capital Management LLC grew its stake in Chipotle Mexican Grill by 50.3% in the 4th quarter. Thames Capital Management LLC now owns 5,998 shares of the restaurant operator’s stock valued at $10,486,000 after buying an additional 2,008 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in Chipotle Mexican Grill by 2.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 3,146 shares of the restaurant operator’s stock valued at $5,500,000 after buying an additional 66 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, CMO Christopher W. Brandt sold 1,532 shares of the business’s stock in a transaction that occurred 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 transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Christopher W. Brandt sold 1,532 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the completion of the transaction, the chief marketing officer now directly owns 8,508 shares in the company, valued at approximately $12,795,691.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Roger E. Theodoredis sold 1,636 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the transaction, the insider now owns 5,258 shares of the company’s stock, valued at $8,062,827.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,825 shares of company stock worth $15,603,167. 1.01% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.7 %

Shares of Chipotle Mexican Grill stock opened at $1,705.17 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $1,196.28 and a twelve month high of $1,958.55. The company has a 50-day simple moving average of $1,564.17 and a two-hundred day simple moving average of $1,469.23. The stock has a market capitalization of $47.34 billion, a price-to-earnings ratio of 63.84, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.

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

Wall Street Analyst Weigh In

CMG has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered shares of Chipotle Mexican Grill from a “conviction-buy” rating to a “buy” rating and set a $1,720.00 target price on the stock. in a research note on Monday, July 18th. OTR Global raised shares of Chipotle Mexican Grill from a “mixed” rating to a “positive” rating in a report on Monday, June 27th. Credit Suisse Group reduced their price objective on shares of Chipotle Mexican Grill from $2,200.00 to $2,000.00 and set an “outperform” rating for the company in a report on Tuesday, July 19th. Oppenheimer lifted their price target on shares of Chipotle Mexican Grill to $1,800.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Royal Bank of Canada boosted their target price on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,837.55.

About Chipotle Mexican Grill

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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.

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

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