Van ECK Associates Corp Sells 16,768 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Van ECK Associates Corp cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 331,662 shares of the restaurant operator’s stock after selling 16,768 shares during the quarter. Van ECK Associates Corp’s holdings in Chipotle Mexican Grill were worth $19,999,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CMG. Transcendent Capital Group LLC increased its position in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at about $33,000. Global Trust Asset Management LLC purchased a new stake in Chipotle Mexican Grill during the 3rd quarter valued at about $35,000. Finally, Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 1.8 %

Chipotle Mexican Grill stock opened at $57.06 on Friday. The firm has a market cap of $77.74 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 2.14 and a beta of 1.27. The stock has a fifty day simple moving average of $59.66 and a two-hundred day simple moving average of $58.03. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CMG. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Truist Financial increased their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays dropped their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Citigroup increased their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.