Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 62.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,305 shares of the restaurant operator’s stock after selling 58,411 shares during the period. Tidal Investments LLC’s holdings in Chipotle Mexican Grill were worth $2,034,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. RiverPark Advisors LLC boosted its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $25,000. Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. Chilton Capital Management LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at $27,000. Finally, MCF Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 5,525.0% during the second quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 442 shares during the period. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Truist Financial increased their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Barclays raised their price objective on shares of 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. BMO Capital Markets boosted their price target 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. Finally, TD Cowen lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.36.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $64.79 on Tuesday. The firm has a market cap of $88.28 billion, a price-to-earnings ratio of 60.55, a P/E/G ratio of 2.64 and a beta of 1.27. The stock has a 50-day simple moving average of $60.36 and a 200-day simple moving average of $81.21. Chipotle Mexican Grill, Inc. has a 52-week low of $44.08 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current 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.