Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by KBC Group NV

KBC Group NV decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 73.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,049 shares of the restaurant operator's stock after selling 625,051 shares during the period. KBC Group NV's holdings in Chipotle Mexican Grill were worth $13,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacific Center for Financial Services grew its stake in Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator's stock valued at $157,000 after acquiring an additional 4 shares during the period. SVB Wealth LLC raised its position in shares of Chipotle Mexican Grill by 3.7% in the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator's stock valued at $407,000 after purchasing an additional 5 shares during the period. Freestone Capital Holdings LLC increased its position in shares of Chipotle Mexican Grill by 5.4% during the first quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator's stock valued at $396,000 after buying an additional 7 shares during the period. Semmax Financial Advisors Inc. boosted its holdings in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator's stock valued at $42,000 after purchasing an additional 9 shares during the period. Finally, Pitcairn Co. increased its stake in Chipotle Mexican Grill by 8.4% in the 1st quarter. Pitcairn Co. now owns 168 shares of the restaurant operator's stock worth $488,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. KeyCorp dropped their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. Piper Sandler upped 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. The Goldman Sachs Group decreased their target price on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Truist Financial increased their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Oppenheimer reiterated an "outperform" rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $65.27.

Chipotle Mexican Grill Stock Down 2.1 %

Shares of Chipotle Mexican Grill stock traded down $1.28 during midday trading on Friday, hitting $58.63. The company had a trading volume of 6,743,957 shares, compared to its average volume of 11,741,678. The stock has a market cap of $79.89 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 2.36 and a beta of 1.26. The company has a fifty day simple moving average of $58.02 and a 200 day simple moving average of $81.18. Chipotle Mexican Grill, Inc. has a 12-month low of $43.10 and a 12-month 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 analysts' consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company's stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,290 shares of company stock worth $1,866,023. 1.02% of the stock is owned by corporate insiders.

About Chipotle Mexican Grill

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.