Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Aviva PLC

Aviva PLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 824,731 shares of the restaurant operator's stock after selling 241,758 shares during the period. Aviva PLC owned 0.06% of Chipotle Mexican Grill worth $49,731,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. United Bank increased its position in Chipotle Mexican Grill by 13.7% during the third quarter. United Bank now owns 36,851 shares of the restaurant operator's stock worth $2,123,000 after purchasing an additional 4,451 shares during the last quarter. Quarry LP grew its stake in shares of Chipotle Mexican Grill by 108.4% in the 3rd quarter. Quarry LP now owns 1,219 shares of the restaurant operator's stock valued at $70,000 after buying an additional 634 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $3,124,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $14,238,000. Finally, EP Wealth Advisors LLC raised its position in shares of Chipotle Mexican Grill by 1.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 45,313 shares of the restaurant operator's stock valued at $2,611,000 after buying an additional 866 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 10.8 %

Shares of NYSE CMG traded up $4.96 during trading hours on Wednesday, reaching $50.94. The stock had a trading volume of 24,577,986 shares, compared to its average volume of 13,419,605. The firm has a market cap of $69.04 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The firm has a 50-day moving average of $52.13 and a 200-day moving average of $57.00.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

CMG has been the subject of several recent analyst reports. KeyCorp cut their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, December 16th. Piper Sandler decreased 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 report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.10.

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.