Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,345 shares of the restaurant operator’s stock after selling 550 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Chipotle Mexican Grill were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 313.3% in the 4th quarter. Venturi Wealth Management LLC now owns 6,146 shares of the restaurant operator’s stock worth $371,000 after acquiring an additional 4,659 shares during the period. Citizens & Northern Corp raised its holdings in shares of Chipotle Mexican Grill by 3.0% in the 4th quarter. Citizens & Northern Corp now owns 57,598 shares of the restaurant operator’s stock worth $3,473,000 after purchasing an additional 1,694 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Truist Financial Corp now owns 1,499,480 shares of the restaurant operator’s stock worth $90,419,000 after purchasing an additional 66,914 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Chipotle Mexican Grill by 4.1% in the 4th quarter. CIBC Asset Management Inc now owns 207,831 shares of the restaurant operator’s stock worth $12,532,000 after purchasing an additional 8,221 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Chipotle Mexican Grill by 45.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 11,975 shares of the restaurant operator’s stock worth $722,000 after purchasing an additional 3,725 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 4.6 %

CMG stock opened at $54.48 on Wednesday. The firm has a 50 day moving average of $59.35 and a two-hundred day moving average of $58.16. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 49.07, a P/E/G ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted 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%. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CMG shares. Loop Capital boosted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wedbush cut their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Citigroup boosted their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, TD Cowen boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is owned by insiders.

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.