Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,212 shares of the restaurant operator’s stock after selling 523 shares during the quarter. Kintegral Advisory LLC’s holdings in Chipotle Mexican Grill were worth $676,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Congress Asset Management Co. bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $109,396,000. Thrivent Financial for Lutherans raised its stake in Chipotle Mexican Grill by 674.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after buying an additional 1,848,625 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after buying an additional 1,364,635 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 224.2% in the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after acquiring an additional 1,173,207 shares in the last quarter. Finally, Premier Fund Managers Ltd bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $57,335,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMG. Oppenheimer raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Citigroup raised their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company cut their target price 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. Finally, Barclays decreased their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.31.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $51.47 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The stock has a market capitalization of $69.76 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a 50 day simple moving average of $58.38 and a 200-day simple moving average of $58.13.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.02% of the company’s stock.

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.