Sanctuary Advisors LLC Sells 7,953 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sanctuary Advisors LLC decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.8% during the fourth quarter, HoldingsChannel reports. The fund owned 157,141 shares of the restaurant operator’s stock after selling 7,953 shares during the quarter. Sanctuary Advisors LLC’s holdings in Chipotle Mexican Grill were worth $9,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Trilogy Capital Inc. grew its position in shares of Chipotle Mexican Grill by 59.9% during the 3rd quarter. Trilogy Capital Inc. now owns 27,331 shares of the restaurant operator’s stock valued at $1,575,000 after purchasing an additional 10,242 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $138,000. Argus Investors Counsel Inc. grew its position in shares of Chipotle Mexican Grill by 4.2% during the 3rd quarter. Argus Investors Counsel Inc. now owns 7,505 shares of the restaurant operator’s stock valued at $432,000 after purchasing an additional 305 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Chipotle Mexican Grill by 29.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 24,671 shares of the restaurant operator’s stock valued at $1,422,000 after purchasing an additional 5,577 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $128,000. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $54.48 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The company has a 50 day simple moving average of $59.35 and a two-hundred day simple moving average of $58.16. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 49.07, a P/E/G ratio of 2.14 and a beta of 1.27.

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

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. Loop Capital upped their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Stephens cut their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. TD Cowen upped their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial upped their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

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.