Accent Capital Management LLC Sells 5,704 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Accent Capital Management LLC decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,946 shares of the restaurant operator’s stock after selling 5,704 shares during the quarter. Chipotle Mexican Grill comprises approximately 0.7% of Accent Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Accent Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $1,207,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after purchasing an additional 19,759,754 shares during the period. Legal & General Group Plc grew its holdings in Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after buying an additional 10,729,706 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Chipotle Mexican Grill by 5,930.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after buying an additional 10,139,174 shares during the period. Bank of New York Mellon Corp increased its position in shares of Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after buying an additional 8,186,198 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after buying an additional 5,897,255 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value 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. Insiders sold 33,290 shares of company stock valued at $1,866,023 in the last quarter. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Piper Sandler lifted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $58.63 on Friday. The business has a 50-day moving average of $58.02 and a 200 day moving average of $81.18. The stock has a market capitalization of $79.89 billion, a PE ratio of 54.57, a P/E/G ratio of 2.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1-year low of $43.10 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.