United Services Automobile Association Has $1.73 Million Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

United Services Automobile Association reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,005 shares of the restaurant operator’s stock after selling 6,895 shares during the quarter. United Services Automobile Association’s holdings in Chipotle Mexican Grill were worth $1,729,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $14,238,000. Weiss Asset Management LP acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $3,124,000. Temasek Holdings Private Ltd bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $37,021,000. Stifel Financial Corp lifted its position in Chipotle Mexican Grill by 10.4% during the 3rd quarter. Stifel Financial Corp now owns 2,315,393 shares of the restaurant operator’s stock worth $133,413,000 after acquiring an additional 218,324 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $58,000. Institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction 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 transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 4.13 % decrease in their position. The transaction 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 Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at approximately $26,115,436.20. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Evercore ISI lifted their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. Loop Capital upped their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Finally, Truist Financial increased their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $65.42.

Chipotle Mexican Grill Stock Up 0.3 %

Shares of NYSE:CMG opened at $65.40 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.08 and a 12 month high of $69.26. The company’s 50-day moving average price is $59.41 and its two-hundred day moving average price is $80.98. The firm has a market cap of $89.11 billion, a P/E ratio of 60.87, a P/E/G ratio of 2.57 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm 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%. The business’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 business earned $0.23 EPS. As a group, 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.