Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,862 shares of the restaurant operator’s stock after selling 458 shares during the period. Signaturefd LLC’s holdings in Chipotle Mexican Grill were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 29.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 24,671 shares of the restaurant operator’s stock valued at $1,422,000 after purchasing an additional 5,577 shares during the period. Argus Investors Counsel Inc. lifted its stake in Chipotle Mexican Grill by 4.2% in the third quarter. Argus Investors Counsel Inc. now owns 7,505 shares of the restaurant operator’s stock valued at $432,000 after buying an additional 305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Chipotle Mexican Grill by 2.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 390,384 shares of the restaurant operator’s stock valued at $22,490,000 after acquiring an additional 10,570 shares during the period. Whittier Trust Co. grew its position in shares of Chipotle Mexican Grill by 3.2% during the third quarter. Whittier Trust Co. now owns 954,584 shares of the restaurant operator’s stock worth $54,993,000 after acquiring an additional 29,931 shares during the last quarter. Finally, Western Financial Corp CA increased its holdings in shares of Chipotle Mexican Grill by 3.8% in the 3rd quarter. Western Financial Corp CA now owns 32,825 shares of the restaurant operator’s stock valued at $1,891,000 after acquiring an additional 1,209 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Truist Financial boosted their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Stephens reissued an “equal weight” rating and issued a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.03.

Insider Activity

In related news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock valued at $2,817,127 over the last 90 days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $59.01 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.97 and a fifty-two week high of $69.26. The stock has a fifty day moving average of $56.52 and a two-hundred day moving average of $81.32. The company has a market capitalization of $81.04 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $12.65 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

Chipotle Mexican Grill 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.