Marion Wealth Management Sells 4,550 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Marion Wealth Management lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 47.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,120 shares of the restaurant operator’s stock after selling 4,550 shares during the quarter. Marion Wealth Management’s holdings in Chipotle Mexican Grill were worth $309,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CMG. Legal & General Group Plc lifted its position in shares of Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after buying an additional 10,729,706 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Chipotle Mexican Grill by 5,930.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after purchasing an additional 10,139,174 shares during the last quarter. Marshall Wace LLP lifted its holdings in Chipotle Mexican Grill by 76,617.6% during the 2nd quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock valued at $369,945,000 after purchasing an additional 5,897,255 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Chipotle Mexican Grill by 5,583.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,043,441 shares of the restaurant operator’s stock valued at $315,966,000 after buying an additional 4,954,696 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Chipotle Mexican Grill by 3,304.6% during the second quarter. Renaissance Technologies LLC now owns 5,078,100 shares of the restaurant operator’s stock worth $318,143,000 after buying an additional 4,928,945 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded down $0.26 during trading on Monday, reaching $56.24. 8,233,783 shares of the company traded hands, compared to its average volume of 8,371,917. The firm has a market capitalization of $76.63 billion, a PE ratio of 52.35, a P/E/G ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $45.50 and a 1-year high of $69.26. The company has a 50 day moving average price of $60.94 and a 200-day moving average price of $58.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Raymond James increased their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. BMO Capital Markets upped their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

About Chipotle Mexican Grill

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.