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

Empirical Finance LLC cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,671 shares of the restaurant operator’s stock after selling 604 shares during the quarter. Empirical Finance LLC’s holdings in Chipotle Mexican Grill were worth $2,814,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMG. Geode Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after buying an additional 438,007 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after buying an additional 518,521 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Chipotle Mexican Grill by 11.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after buying an additional 858,704 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Chipotle Mexican Grill by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock worth $472,505,000 after buying an additional 132,756 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CMG shares. KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday. Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.31.

Insider Buying and Selling

In other Chipotle Mexican Grill 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 completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $57.29 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The company has a market capitalization of $78.06 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 2.14 and a beta of 1.27. The business has a 50-day moving average of $60.09 and a 200-day moving average of $57.86.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 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.