Ontario Teachers Pension Plan Board Reduces Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ontario Teachers Pension Plan Board lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 71.6% during the third quarter, HoldingsChannel.com reports. The fund owned 13,143 shares of the restaurant operator’s stock after selling 33,207 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Chipotle Mexican Grill were worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Semmax Financial Advisors Inc. lifted its stake in Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 9 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $168,000. Pacific Center for Financial Services boosted its holdings in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after buying an additional 4 shares in the last quarter. Western Pacific Wealth Management LP increased its stake in shares of Chipotle Mexican Grill by 27.3% during the first quarter. Western Pacific Wealth Management LP now owns 70 shares of the restaurant operator’s stock valued at $203,000 after purchasing an additional 15 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $294,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated 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 $26,052,740.28. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $100,920.20. Following the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Up 1.9 %

Shares of NYSE:CMG opened at $60.01 on Friday. The firm has a 50 day moving average of $58.33 and a 200 day moving average of $80.95. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26. The company has a market capitalization of $81.77 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.82 billion. During the same period last year, the firm posted $0.23 EPS. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMG. Raymond James cut their price target 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. Truist Financial raised their price objective on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Barclays increased their target price on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.27.

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.