Rhumbline Advisers Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rhumbline Advisers reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,569,706 shares of the restaurant operator's stock after selling 47,472 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Chipotle Mexican Grill worth $154,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Alpha DNA Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock valued at $786,000 after buying an additional 168 shares during the period. Lecap Asset Management Ltd. increased its position in Chipotle Mexican Grill by 1.2% during the 3rd 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 during the period. Connable Office Inc. increased its position in Chipotle Mexican Grill by 0.6% during the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock valued at $1,840,000 after purchasing an additional 178 shares during the period. Traynor Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after purchasing an additional 181 shares in the last quarter. Finally, BTC Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMG shares. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Truist Financial raised their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. KeyCorp lowered their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.70 on Wednesday, reaching $53.80. The stock had a trading volume of 15,502,044 shares, compared to its average volume of 10,763,205. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The stock has a market cap of $73.30 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a 50 day simple moving average of $59.14 and a 200 day simple moving average of $58.18.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.02% of the stock is owned by corporate insiders.

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.