Principal Street Partners LLC Sells 350 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Principal Street Partners LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,250 shares of the restaurant operator’s stock after selling 350 shares during the quarter. Principal Street Partners LLC’s holdings in Chipotle Mexican Grill were worth $713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in Chipotle Mexican Grill by 53.7% in the first quarter. Advisors Asset Management Inc. now owns 455 shares of the restaurant operator’s stock valued at $1,323,000 after purchasing an additional 159 shares during the last quarter. SVB Wealth LLC raised its holdings in Chipotle Mexican Grill by 3.7% during the 1st quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock valued at $407,000 after buying an additional 5 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Chipotle Mexican Grill by 2.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock valued at $1,840,000 after buying an additional 13 shares during the period. Meiji Yasuda Life Insurance Co increased its position in shares of Chipotle Mexican Grill by 235.8% in the first quarter. Meiji Yasuda Life Insurance Co now owns 460 shares of the restaurant operator’s stock valued at $1,337,000 after acquiring an additional 323 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Chipotle Mexican Grill by 0.7% during the first quarter. California State Teachers Retirement System now owns 44,960 shares of the restaurant operator’s stock valued at $130,688,000 after acquiring an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were 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 in the company, valued at $2,340,333.80. The trade was a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares in the company, valued at $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock valued at $1,866,023 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent analyst reports. Truist Financial raised their target price 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. Evercore ISI boosted their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Finally, Royal Bank of Canada assumed coverage on shares of Chipotle Mexican Grill in a research report on Friday, November 15th. They issued an “outperform” rating and a $70.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.27.

Chipotle Mexican Grill Trading Up 0.4 %

CMG stock traded up $0.23 during midday trading on Tuesday, reaching $62.23. 120,533 shares of the company’s stock traded hands, compared to its average volume of 13,668,029. The stock’s 50-day moving average is $58.54 and its 200 day moving average is $81.16. The stock has a market cap of $84.79 billion, a P/E ratio of 57.70, a PEG ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 52-week low of $43.66 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.