Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Decreased by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,695 shares of the restaurant operator’s stock after selling 9 shares during the period. CIBC Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $4,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Confluence Wealth Services Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $27,000. James Reed Financial Services Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $27,000. Riverview Trust Co acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. Benjamin Edwards Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth about $30,000. Institutional investors own 89.85% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 48 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total value of $60,842.88. Following the sale, the director now owns 927 shares in the company, valued at $1,175,028.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 48 shares of Chipotle Mexican Grill stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the sale, the director now owns 927 shares in the company, valued at $1,175,028.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Christopher W. Brandt sold 1,532 shares of Chipotle Mexican Grill stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the sale, the chief marketing officer now owns 8,508 shares in the company, valued at approximately $12,795,691.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,767 shares of company stock worth $11,690,182. Insiders own 1.00% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.0 %

Shares of Chipotle Mexican Grill stock opened at $1,600.78 on Friday. The company’s fifty day simple moving average is $1,356.54 and its 200-day simple moving average is $1,431.02. The company has a market cap of $44.44 billion, a price-to-earnings ratio of 59.93, a PEG ratio of 2.06 and a beta of 1.32. Chipotle Mexican Grill, Inc. has a 1 year low of $1,196.28 and a 1 year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the prior year, the business earned $7.46 EPS. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 32.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CMG. Oppenheimer raised their target price on shares of Chipotle Mexican Grill to $1,800.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Royal Bank of Canada raised their target price on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. BTIG Research decreased their price target on shares of Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Cowen decreased their price target on shares of Chipotle Mexican Grill from $1,830.00 to $1,600.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Finally, OTR Global upgraded shares of Chipotle Mexican Grill from a “mixed” rating to a “positive” rating in a report on Monday, June 27th. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,831.75.

Chipotle Mexican Grill Profile

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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