Chipotle Mexican Grill, Inc. (NYSE:CMG) Stake Decreased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,174 shares of the restaurant operator’s stock after selling 4,676 shares during the period. Gulf International Bank UK Ltd’s holdings in Chipotle Mexican Grill were worth $6,290,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CMG. Semmax Financial Advisors Inc. increased its holdings in shares of Chipotle Mexican Grill by 225.0% in the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 9 shares in the last quarter. Crewe Advisors LLC bought a new stake in Chipotle Mexican Grill in the first quarter worth $44,000. LRI Investments LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $168,000. Pacific Center for Financial Services raised its holdings in Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after buying an additional 4 shares in the last quarter. Finally, Nwam LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $220,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction 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 transaction, the director now owns 41,510 shares of the company’s stock, valued at $2,340,333.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,290 shares of company stock worth $1,866,023 in the last three months. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $56.38 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $40.73 and a 52-week high of $69.26. The business’s 50 day simple moving average is $57.31 and its two-hundred day simple moving average is $81.45. The firm has a market cap of $77.21 billion, a P/E ratio of 52.48, a PEG ratio of 2.37 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating 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 firm 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. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CMG shares. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Stephens cut their price target on Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. BMO Capital Markets upped their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. KeyCorp reduced their target price on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Barclays increased their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $64.47.

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.