Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 726,852 shares of the restaurant operator's stock after selling 19,302 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Chipotle Mexican Grill worth $43,829,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CMG. Transcendent Capital Group LLC grew its stake in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $33,000. Global Trust Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $35,000. Finally, Sound Income Strategies LLC lifted its stake in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Transactions at Chipotle Mexican Grill

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 transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CMG shares. KeyCorp reduced their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wedbush decreased their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Loop Capital upped their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 4.6 %

Chipotle Mexican Grill stock traded down $2.60 during midday trading on Tuesday, reaching $54.48. 15,248,717 shares of the stock traded hands, compared to its average volume of 10,471,246. The firm has a market cap of $74.23 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The company has a 50-day simple moving average of $59.35 and a two-hundred day simple moving average of $58.16. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.