Exchange Traded Concepts LLC Sells 9,844 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Exchange Traded Concepts LLC decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,487 shares of the restaurant operator's stock after selling 9,844 shares during the period. Exchange Traded Concepts LLC's holdings in Chipotle Mexican Grill were worth $572,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Chipotle Mexican Grill by 5,877.5% during the 2nd quarter. NewEdge Advisors LLC now owns 40,647 shares of the restaurant operator's stock valued at $2,547,000 after purchasing an additional 39,967 shares during the last quarter. Quarry LP bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $37,000. Cetera Investment Advisers boosted its position in shares of Chipotle Mexican Grill by 5,997.4% during the second quarter. Cetera Investment Advisers now owns 279,564 shares of the restaurant operator's stock valued at $17,515,000 after buying an additional 274,979 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Chipotle Mexican Grill by 4,614.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 108,900 shares of the restaurant operator's stock valued at $6,823,000 after buying an additional 106,590 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its position in Chipotle Mexican Grill by 5,146.9% in the 2nd quarter. Dana Investment Advisors Inc. now owns 8,500 shares of the restaurant operator's stock valued at $533,000 after buying an additional 8,338 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CMG shares. Loop Capital upped their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Barclays upped their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 7th. Truist Financial lifted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Piper Sandler increased their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.88.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded down $0.65 on Friday, hitting $58.34. The stock had a trading volume of 8,348,295 shares, compared to its average volume of 9,431,916. The firm has a 50-day moving average of $60.57 and a 200-day moving average of $57.74. The company has a market capitalization of $79.49 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Chipotle Mexican Grill's revenue was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill 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 completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.02% of the company's stock.

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.