Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 54.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,795 shares of the restaurant operator’s stock after selling 28,086 shares during the quarter. Bank of Montreal Can’s holdings in Chipotle Mexican Grill were worth $42,013,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Prudential PLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at $1,163,000. Motley Fool Asset Management LLC increased its stake in Chipotle Mexican Grill by 1.8% in the fourth quarter. Motley Fool Asset Management LLC now owns 728 shares of the restaurant operator’s stock valued at $1,273,000 after purchasing an additional 13 shares during the period. Candriam Luxembourg S.C.A. increased its stake in Chipotle Mexican Grill by 3.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 12,695 shares of the restaurant operator’s stock valued at $22,194,000 after purchasing an additional 465 shares during the period. Covestor Ltd acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $66,000. Finally, International Assets Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 24.0% during the fourth quarter. International Assets Investment Management LLC now owns 186 shares of the restaurant operator’s stock worth $325,000 after acquiring an additional 36 shares during the period. Institutional investors own 89.85% of the company’s stock.

In related news, Director Robin S. Hickenlooper sold 48 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 927 shares of the company’s stock, valued at $1,175,028.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marissa Andrada sold 1,456 shares of the company’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $1,480.76, for a total transaction of $2,155,986.56. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Shares of CMG opened at $1,294.11 on Friday. The company has a market capitalization of $36.18 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 1.74 and a beta of 1.29. The company’s 50 day simple moving average is $1,487.40 and its 200 day simple moving average is $1,560.82. Chipotle Mexican Grill, Inc. has a 1 year low of $1,233.25 and a 1 year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The restaurant operator reported $5.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.63 by $0.07. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. Chipotle Mexican Grill had a net margin of 8.74% and a return on equity of 32.88%. During the same quarter in the prior year, the firm posted $5.36 earnings per share. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 31.55 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on CMG shares. Cowen dropped their price target on shares of Chipotle Mexican Grill from $1,950.00 to $1,830.00 in a research note on Wednesday, April 27th. BMO Capital Markets dropped their price target on shares of Chipotle Mexican Grill from $1,750.00 to $1,700.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 27th. Bank of America started coverage on shares of Chipotle Mexican Grill in a research note on Wednesday, May 11th. They set a “buy” rating on the stock. Barclays dropped their price target on shares of Chipotle Mexican Grill from $1,630.00 to $1,585.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 27th. Finally, BTIG Research dropped their price target on shares of Chipotle Mexican Grill from $2,150.00 to $1,975.00 and set a “buy” rating on the stock in a research note on Friday, February 4th. Eight investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Buy” and a consensus price target of $1,948.82.

About Chipotle Mexican Grill (Get Rating)

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

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

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