Charles Schwab Investment Management Inc. Cuts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Charles Schwab Investment Management Inc. cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 147,487 shares of the restaurant operator’s stock after selling 2,543 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $315,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its stake in Chipotle Mexican Grill by 0.5% in the first quarter. State Street Corp now owns 1,042,969 shares of the restaurant operator’s stock worth $1,781,678,000 after acquiring an additional 5,358 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 565,479 shares of the restaurant operator’s stock valued at $963,779,000 after buying an additional 9,520 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Chipotle Mexican Grill by 8.3% in the 4th quarter. Alliancebernstein L.P. now owns 402,002 shares of the restaurant operator’s stock valued at $557,774,000 after buying an additional 30,788 shares during the last quarter. Morgan Stanley raised its stake in Chipotle Mexican Grill by 65.8% during the 4th quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock worth $521,332,000 after acquiring an additional 149,115 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in Chipotle Mexican Grill by 150,224.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 339,734 shares of the restaurant operator’s stock worth $726,690,000 after acquiring an additional 339,508 shares in the last quarter. 91.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, CEO Brian R. Niccol sold 1,058 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,928.16, for a total transaction of $2,039,993.28. Following the sale, the chief executive officer now owns 23,347 shares in the company, valued at $45,016,751.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Brian R. Niccol sold 1,058 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $1,928.16, for a total transaction of $2,039,993.28. Following the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,016,751.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 1,060 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,950.00, for a total transaction of $2,067,000.00. Following the completion of the sale, the chief executive officer now owns 23,347 shares of the company’s stock, valued at $45,526,650. The disclosure for this sale can be found here. In the last three months, insiders sold 4,642 shares of company stock worth $9,041,139. Insiders own 0.96% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.8 %

Shares of NYSE:CMG opened at $2,173.10 on Friday. The company has a market capitalization of $59.63 billion, a P/E ratio of 51.54, a P/E/G ratio of 1.89 and a beta of 1.33. Chipotle Mexican Grill, Inc. has a 52-week low of $1,344.05 and a 52-week high of $2,177.77. The stock’s fifty day simple moving average is $1,919.87 and its 200-day simple moving average is $1,980.97.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $11.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.46 by $0.90. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Chipotle Mexican Grill had a net margin of 12.27% and a return on equity of 45.26%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $9.51 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 44.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. TD Cowen reaffirmed an “outperform” rating and set a $2,200.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, October 27th. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $2,400.00 to $2,200.00 in a research note on Thursday, July 27th. Citigroup reduced their price objective on Chipotle Mexican Grill from $2,391.00 to $2,260.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Truist Financial reissued a “buy” rating and issued a $2,280.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, October 24th. Finally, Barclays reduced their price target on shares of Chipotle Mexican Grill from $1,950.00 to $1,865.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,161.33.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.