Burney Co. Sells 38,311 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Burney Co. lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 73.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,758 shares of the restaurant operator's stock after selling 38,311 shares during the period. Burney Co.'s holdings in Chipotle Mexican Grill were worth $830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CMG. Shellback Capital LP boosted its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock worth $7,831,000 after purchasing an additional 122,500 shares during the period. Hantz Financial Services Inc. lifted its position in Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock worth $2,820,000 after buying an additional 48,126 shares in the last quarter. L & S Advisors Inc acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $3,256,000. Optas LLC grew its holdings in shares of Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock valued at $989,000 after acquiring an additional 13,060 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth $758,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Finally, Evercore ISI raised their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.81.

Chipotle Mexican Grill Stock Performance

CMG traded down $0.84 during midday trading on Friday, reaching $57.52. 9,354,246 shares of the company were exchanged, compared to its average volume of 8,540,867. The company has a market cap of $78.38 billion, a price-to-earnings ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $46.01 and a one year high of $69.26. The company's fifty day moving average price is $60.94 and its 200 day moving average price 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 the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. Chipotle Mexican Grill's revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction that occurred on 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 owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate 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.