Deltec Asset Management LLC Has $4.13 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Deltec Asset Management LLC decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,500 shares of the restaurant operator’s stock after selling 2,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $4,131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. lifted its stake in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock worth $310,000 after buying an additional 218 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Chipotle Mexican Grill by 1.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 419,771 shares of the restaurant operator’s stock worth $25,298,000 after acquiring an additional 4,377 shares during the period. Lockheed Martin Investment Management Co. increased its stake in shares of Chipotle Mexican Grill by 19.6% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 177,630 shares of the restaurant operator’s stock worth $10,711,000 after purchasing an additional 29,140 shares during the period. Hager Investment Management Services LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $1,413,000. Finally, Alexander Labrunerie & CO. Inc. lifted its holdings in Chipotle Mexican Grill by 0.8% during the 4th quarter. Alexander Labrunerie & CO. Inc. now owns 28,775 shares of the restaurant operator’s stock worth $1,735,000 after purchasing an additional 225 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were 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 approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMG. Robert W. Baird lifted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Stephens dropped their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company raised their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.56.

Chipotle Mexican Grill Trading Up 1.3 %

CMG stock opened at $59.10 on Wednesday. The stock has a 50-day moving average price of $60.36 and a 200-day moving average price of $57.84. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The firm has a market cap of $80.53 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current 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.