Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,166 shares of the restaurant operator’s stock after selling 2,011 shares during the period. Hartford Investment Management Co.’s holdings in Chipotle Mexican Grill were worth $5,075,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $186,000. Ritholtz Wealth Management lifted its position in shares of Chipotle Mexican Grill by 15.1% during the 3rd quarter. Ritholtz Wealth Management now owns 6,958 shares of the restaurant operator’s stock worth $401,000 after buying an additional 914 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Chipotle Mexican Grill by 415.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 19,331 shares of the restaurant operator’s stock valued at $1,114,000 after purchasing an additional 15,581 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $138,000. Finally, Sapient Capital LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $1,083,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Stephens cut their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Down 2.7 %

Shares of NYSE CMG opened at $56.22 on Wednesday. The business has a fifty day simple moving average of $60.03 and a 200 day simple moving average of $57.99. The firm has a market capitalization of $76.60 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released 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 return on equity of 42.92% and a net margin of 13.56%. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.