Jump Financial LLC Sells 868 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jump Financial LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 59.3% during the third quarter, Holdings Channel.com reports. The firm owned 595 shares of the restaurant operator’s stock after selling 868 shares during the period. Jump Financial LLC’s holdings in Chipotle Mexican Grill were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Simplicity Solutions LLC raised its holdings in shares of Chipotle Mexican Grill by 27.7% in the 2nd quarter. Simplicity Solutions LLC now owns 936 shares of the restaurant operator’s stock worth $2,003,000 after acquiring an additional 203 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Chipotle Mexican Grill by 8.9% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,272 shares of the restaurant operator’s stock worth $46,294,000 after acquiring an additional 2,065 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Chipotle Mexican Grill by 4.3% in the 2nd quarter. Arizona State Retirement System now owns 7,893 shares of the restaurant operator’s stock worth $16,883,000 after acquiring an additional 324 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Chipotle Mexican Grill by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 196,895 shares of the restaurant operator’s stock worth $421,158,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $210,000. Institutional investors own 91.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CMG. Raymond James increased their price objective on shares of Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Barclays increased their target price on shares of Chipotle Mexican Grill from $1,885.00 to $2,246.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 3rd. Robert W. Baird reissued an “outperform” rating and set a $2,650.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, January 22nd. TD Cowen reaffirmed an “outperform” rating and issued a $2,200.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, October 27th. Finally, BTIG Research raised their price objective on shares of Chipotle Mexican Grill from $2,175.00 to $2,650.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Nine research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,301.89.

Read Our Latest Report on CMG

Insider Activity

In other news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the sale, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the sale, the chief executive officer now owns 22,447 shares in the company, valued at approximately $53,870,779.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 1,093 shares of Chipotle Mexican Grill stock in a transaction on Friday, December 1st. The stock was sold at an average price of $2,199.81, for a total transaction of $2,404,392.33. Following the completion of the transaction, the chief executive officer now owns 23,347 shares in the company, valued at approximately $51,358,964.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,189 shares of company stock worth $9,700,908. 0.96% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $2,470.85 on Tuesday. The firm’s fifty day moving average price is $2,294.91 and its 200-day moving average price is $2,065.80. The stock has a market cap of $67.80 billion, a P/E ratio of 58.61, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. Chipotle Mexican Grill, Inc. has a fifty-two week low of $1,470.05 and a fifty-two week high of $2,506.07.

About Chipotle Mexican Grill

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report).

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

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