Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,700 shares of the restaurant operator’s stock after selling 9,500 shares during the period. Chipotle Mexican Grill makes up approximately 1.1% of Pursue Wealth Partners LLC’s holdings, making the stock its 28th largest holding. Pursue Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Norden Group LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $2,163,000. First Trust Direct Indexing L.P. raised its stake in Chipotle Mexican Grill by 14.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 458 shares of the restaurant operator’s stock valued at $1,331,000 after purchasing an additional 59 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $640,000. Prosperity Consulting Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth $203,000. Finally, Blue Trust Inc. grew its holdings in shares of Chipotle Mexican Grill by 72.1% during the first quarter. Blue Trust Inc. now owns 284 shares of the restaurant operator’s stock valued at $826,000 after buying an additional 119 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,684 shares of company stock worth $2,817,127. Company insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CMG shares. BMO Capital Markets raised their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday. Loop Capital increased their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday. Raymond James dropped their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, The Goldman Sachs Group reduced their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $64.47.

Chipotle Mexican Grill Price Performance

CMG opened at $56.10 on Friday. The company has a market capitalization of $76.83 billion, a price-to-earnings ratio of 51.91, a P/E/G ratio of 2.41 and a beta of 1.25. The firm’s fifty day moving average price is $57.18 and its two-hundred day moving average price is $81.14. Chipotle Mexican Grill, Inc. has a 1 year low of $39.92 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.1 EPS 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.