Sentry Investment Management LLC Sells 2,109 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sentry Investment Management LLC decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,953 shares of the restaurant operator’s stock after selling 2,109 shares during the period. Sentry Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Transcendent Capital Group LLC grew its holdings in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $33,000. Sound Income Strategies LLC grew its stake in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at approximately $37,000. Finally, Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. KeyCorp dropped their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. TD Cowen boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Down 0.7 %

NYSE CMG opened at $51.15 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The company has a 50 day moving average price of $58.11 and a 200 day moving average price of $58.14. The firm has a market cap of $69.32 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.02% of the stock is owned by company insiders.

About Chipotle Mexican Grill

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.