Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,196 shares of the restaurant operator's stock after selling 118,457 shares during the period. Handelsbanken Fonder AB's holdings in Chipotle Mexican Grill were worth $22,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Sequoia Financial Advisors LLC increased its holdings in Chipotle Mexican Grill by 29.2% during the third quarter. Sequoia Financial Advisors LLC now owns 24,671 shares of the restaurant operator's stock valued at $1,422,000 after buying an additional 5,577 shares during the period. Eastern Bank bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $128,000. Waldron Private Wealth LLC lifted its stake in shares of Chipotle Mexican Grill by 11.8% during the 3rd quarter. Waldron Private Wealth LLC now owns 4,528 shares of the restaurant operator's stock worth $261,000 after purchasing an additional 478 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Chipotle Mexican Grill by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 135,088 shares of the restaurant operator's stock worth $7,784,000 after purchasing an additional 2,185 shares during the last quarter. Finally, Lecap Asset Management Ltd. boosted its position in Chipotle Mexican Grill by 1.2% during 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 in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $1.58 during trading hours on Friday, reaching $51.47. The company had a trading volume of 12,627,766 shares, compared to its average volume of 11,081,812. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The firm has a market cap of $69.76 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business's 50 day moving average price is $58.38 and its 200-day moving average price is $58.10.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CMG shares. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company reduced their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Loop Capital raised their target price 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. Piper Sandler cut their price target 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, Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, December 16th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.31.

Insiders Place Their Bets

In related 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 value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.02% of the company's stock.

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.