Shaker Investments LLC OH Reduces Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Shaker Investments LLC OH lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,613 shares of the restaurant operator’s stock after selling 205 shares during the quarter. Shaker Investments LLC OH’s holdings in Chipotle Mexican Grill were worth $2,328,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Peterson Wealth Services boosted its stake in shares of Chipotle Mexican Grill by 10.3% during the 4th quarter. Peterson Wealth Services now owns 5,772 shares of the restaurant operator’s stock worth $348,000 after acquiring an additional 538 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth $311,000. Essex Financial Services Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $207,000. Panoramic Capital Partners LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $262,000. Finally, Global Wealth Management Investment Advisory Inc. increased its position in Chipotle Mexican Grill by 4.3% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 31,788 shares of the restaurant operator’s stock worth $1,917,000 after buying an additional 1,302 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.0 %

NYSE CMG opened at $57.84 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The firm has a market capitalization of $78.81 billion, a price-to-earnings ratio of 52.10, a PEG ratio of 2.14 and a beta of 1.27. The company has a fifty day moving average of $60.09 and a two-hundred day moving average of $57.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction 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 approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their price target 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 reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Loop Capital lifted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Citigroup upped their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.31.

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.