Peloton Wealth Strategists decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,761 shares of the restaurant operator’s stock after selling 83 shares during the period. Peloton Wealth Strategists’ holdings in Chipotle Mexican Grill were worth $3,079,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd raised its position in Chipotle Mexican Grill by 1,340.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 9,448 shares of the restaurant operator’s stock valued at $16,517,000 after purchasing an additional 8,792 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Chipotle Mexican Grill by 29.9% during the 4th quarter. State of Alaska Department of Revenue now owns 5,608 shares of the restaurant operator’s stock worth $9,803,000 after acquiring an additional 1,292 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $2,056,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Chipotle Mexican Grill by 16.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,449 shares of the restaurant operator’s stock worth $22,738,000 after acquiring an additional 1,907 shares in the last quarter. Finally, Kentucky Retirement Systems raised its position in shares of Chipotle Mexican Grill by 6.2% during the 4th quarter. Kentucky Retirement Systems now owns 1,726 shares of the restaurant operator’s stock worth $3,017,000 after acquiring an additional 101 shares in the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on CMG shares. Gordon Haskett raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and cut their target price for the stock from $1,800.00 to $1,750.00 in a research report on Wednesday, January 26th. BTIG Research dropped their price target on Chipotle Mexican Grill from $2,150.00 to $1,975.00 and set a “buy” rating on the stock in a research note on Friday, February 4th. Jefferies Financial Group dropped their price target on Chipotle Mexican Grill from $1,710.00 to $1,530.00 and set a “hold” rating on the stock in a research note on Wednesday, April 27th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $2,600.00 to $2,500.00 and set an “overweight” rating on the stock in a research note on Monday, March 14th. Finally, Bank of America assumed coverage on Chipotle Mexican Grill in a research note on Wednesday. They set a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Buy” and a consensus target price of $1,948.82.
Chipotle Mexican Grill (NYSE:CMG – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The restaurant operator reported $5.70 earnings per share for the quarter, topping analysts’ consensus estimates of $5.63 by $0.07. Chipotle Mexican Grill had a return on equity of 32.88% and a net margin of 8.74%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $5.36 earnings per share. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 31.55 EPS for the current fiscal year.
In other news, insider Marissa Andrada sold 1,456 shares of the business’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $1,480.76, for a total value of $2,155,986.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
Chipotle Mexican Grill Profile (Get Rating)
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.
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