Gateway Investment Advisers LLC Cuts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gateway Investment Advisers LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,974 shares of the restaurant operator’s stock after selling 2,548 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Chipotle Mexican Grill were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after acquiring an additional 438,007 shares during the last quarter. Franklin Resources Inc. raised its stake in Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after purchasing an additional 381,873 shares in the last quarter. Legal & General Group Plc lifted its position in Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after purchasing an additional 10,729,706 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after buying an additional 518,521 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Chipotle Mexican Grill by 11.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock worth $476,593,000 after buying an additional 858,704 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup dropped their target price 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. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Truist Financial boosted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated 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 represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $57.52 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $46.01 and a one year high of $69.26. The company has a market capitalization of $78.38 billion, a PE ratio of 53.54, a P/E/G ratio of 1.91 and a beta of 1.27. The company has a 50-day simple moving average of $60.91 and a two-hundred day simple moving average of $57.85.

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

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.