Verus Capital Partners LLC Lowers Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Verus Capital Partners LLC lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,803 shares of the restaurant operator’s stock after selling 1,150 shares during the quarter. Verus Capital Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,544,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. boosted its holdings in Chipotle Mexican Grill by 8.5% in the third quarter. Rakuten Securities Inc. now owns 3,064 shares of the restaurant operator’s stock valued at $177,000 after purchasing an additional 240 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Chipotle Mexican Grill by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,192,019 shares of the restaurant operator’s stock worth $183,924,000 after purchasing an additional 59,687 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in Chipotle Mexican Grill by 34.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 20,142 shares of the restaurant operator’s stock worth $1,161,000 after purchasing an additional 5,142 shares during the last quarter. WealthPlan Investment Management LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at $1,194,000. Finally, Harbour Investments Inc. raised its holdings in shares of Chipotle Mexican Grill by 25.7% in the third quarter. Harbour Investments Inc. now owns 4,217 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 863 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $59.27 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $42.28 and a twelve month high of $69.26. The stock’s 50 day simple moving average is $57.52 and its 200 day simple moving average is $81.42. The company has a market capitalization of $80.76 billion, a price-to-earnings ratio of 55.17, a PEG ratio of 2.37 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was 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 directly owns 473,514 shares in the company, valued at $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock worth $1,866,023 in the last ninety days. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CMG shares. Barclays lifted their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group cut their price target 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. Citigroup reduced their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Truist Financial increased their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

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.