Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 38.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,897 shares of the restaurant operator’s stock after selling 9,917 shares during the period. Harbor Capital Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $959,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. ZRC Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $31,000. Transcendent Capital Group LLC raised its stake in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the third quarter worth about $32,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.5 %

Chipotle Mexican Grill stock opened at $56.24 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $45.50 and a 12 month high of $69.26. The company’s fifty day simple moving average is $60.94 and its 200-day simple moving average is $57.96. The stock has a market cap of $76.63 billion, a P/E ratio of 52.35, a P/E/G ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on CMG shares. Robert W. Baird raised their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Barclays upped their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Finally, Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.81.

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.