New Century Financial Group LLC Sells 475 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

New Century Financial Group LLC reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,491 shares of the restaurant operator’s stock after selling 475 shares during the period. New Century Financial Group LLC’s holdings in Chipotle Mexican Grill were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc increased its position in Chipotle Mexican Grill by 5,209.5% in the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock valued at $685,128,000 after buying an additional 10,729,706 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Chipotle Mexican Grill by 1,087.9% in the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after acquiring an additional 4,315,983 shares during the period. Congress Asset Management Co. bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $109,396,000. Thrivent Financial for Lutherans increased its holdings in shares of Chipotle Mexican Grill by 674.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after acquiring an additional 1,848,625 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Chipotle Mexican Grill by 94.3% during the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after purchasing an additional 1,441,172 shares during the period. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The stock was 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 of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CMG. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler boosted their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price target on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $56.61 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $46.15 and a 1 year high of $69.26. The business has a fifty day simple moving average of $60.68 and a two-hundred day simple moving average of $57.74. The company has a market capitalization of $77.14 billion, a P/E ratio of 52.69, a P/E/G ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. As a group, analysts anticipate 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.