Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Cut by Mediolanum International Funds Ltd

by · The Markets Daily

Mediolanum International Funds Ltd lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 6.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,236 shares of the restaurant operator’s stock after selling 12,064 shares during the period. Mediolanum International Funds Ltd’s holdings in Chipotle Mexican Grill were worth $10,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lake Street Advisors Group LLC grew its position in Chipotle Mexican Grill by 30.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 15,807 shares of the restaurant operator’s stock valued at $911,000 after buying an additional 3,676 shares in the last quarter. Warther Private Wealth LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $9,314,000. Heritage Oak Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $283,000. Dakota Wealth Management grew its position in Chipotle Mexican Grill by 996.5% in the 3rd quarter. Dakota Wealth Management now owns 183,660 shares of the restaurant operator’s stock valued at $10,582,000 after buying an additional 166,910 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $35,000. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now owns 473,514 shares in the company, valued at approximately $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,684 shares of company stock worth $2,817,127 over the last 90 days. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $59.44 on Friday. The firm has a market cap of $81.63 billion, a PE ratio of 63.23, a PEG ratio of 2.41 and a beta of 1.25. The firm’s 50 day moving average price is $56.63 and its 200 day moving average price is $81.17. Chipotle Mexican Grill, Inc. has a twelve month low of $35.97 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $12.65 earnings per share. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMG shares. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. KeyCorp reduced their price objective on shares of 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. The Goldman Sachs Group reduced their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Loop Capital reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. 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 company has a consensus rating of “Moderate Buy” and an average target price of $63.03.

Check Out Our Latest Research Report on Chipotle Mexican Grill

About Chipotle Mexican Grill

(Free Report)

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.

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