Scott & Selber Inc. Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Scott & Selber Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,272 shares of the restaurant operator’s stock after selling 278 shares during the quarter. Scott & Selber Inc.’s holdings in Chipotle Mexican Grill were worth $2,090,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. grew its holdings in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $44,000. LRI Investments LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $168,000. Pacific Center for Financial Services increased its position in Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 4 shares during the last quarter. Finally, Nwam LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $220,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 473,514 shares in the company, valued at $26,052,740.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’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 completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,290 shares of company stock worth $1,866,023. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $58.81 on Friday. The business has a 50-day simple moving average of $57.46 and a 200-day simple moving average of $81.12. Chipotle Mexican Grill, Inc. has a one year low of $41.72 and a one year high of $69.26. The company has a market cap of $80.54 billion, a PE ratio of 54.73, a P/E/G ratio of 2.27 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on CMG shares. Truist Financial increased their price target on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler increased their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens reduced their target price on Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Barclays upped their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, KeyCorp cut their price objective on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $64.47.

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.