Harbor Capital Advisors Inc. Decreases Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Harbor Capital Advisors Inc. lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,897 shares of the restaurant operator's stock after selling 9,917 shares during the period. Harbor Capital Advisors Inc.'s holdings in Chipotle Mexican Grill were worth $959,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

CMG has been the subject of several recent analyst reports. Raymond James raised their price objective 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. Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, December 16th. 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. Piper Sandler lifted 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 report on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.81.

Chipotle Mexican Grill Price Performance

CMG stock traded up $0.09 on Tuesday, hitting $56.35. 6,008,326 shares of the company were exchanged, compared to its average volume of 8,090,567. Chipotle Mexican Grill, Inc. has a twelve month low of $45.50 and a twelve month high of $69.26. The business's fifty day moving average is $60.94 and its two-hundred day moving average is $57.91. The stock has a market capitalization of $76.78 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm earned $0.23 earnings per share. Chipotle Mexican Grill'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.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction on 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 in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Company 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.