Assenagon Asset Management S.A. Sells 1,039,849 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Assenagon Asset Management S.A. cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,672,875 shares of the restaurant operator's stock after selling 1,039,849 shares during the quarter. Assenagon Asset Management S.A. owned 0.27% of Chipotle Mexican Grill worth $221,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Alpha DNA Investment Management LLC increased its holdings in Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock worth $786,000 after purchasing an additional 168 shares in the last quarter. Lecap Asset Management Ltd. boosted its position in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator's stock valued at $843,000 after buying an additional 175 shares during the last quarter. Connable Office Inc. grew its holdings in Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock worth $1,840,000 after buying an additional 178 shares in the last quarter. Albion Financial Group UT raised its position in Chipotle Mexican Grill by 14.4% in the 3rd quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator's stock valued at $82,000 after buying an additional 180 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in Chipotle Mexican Grill by 8.7% during the 3rd quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator's stock valued at $133,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Insiders Place Their Bets

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 stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Up 1.6 %

CMG traded up $0.92 during trading on Wednesday, reaching $57.36. 10,490,168 shares of the company were exchanged, compared to its average volume of 8,357,390. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 53.39, a P/E/G ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $45.50 and a 12-month high of $69.26. The company's 50-day moving average is $60.94 and its two-hundred day moving average is $57.91.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMG. Piper Sandler upped their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Stephens reaffirmed an "equal weight" rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Wells Fargo & Company lifted their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Wedbush reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Finally, Truist Financial lifted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.81.

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.