Prairie Wealth Advisors Inc. Cuts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Prairie Wealth Advisors Inc. decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,225 shares of the restaurant operator’s stock after selling 485 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in Chipotle Mexican Grill by 1,087.9% in the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after buying an additional 4,315,983 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth about $109,396,000. Thrivent Financial for Lutherans boosted its position 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 worth $122,314,000 after purchasing an additional 1,848,625 shares in the last quarter. Raymond James & Associates lifted its position in shares of Chipotle Mexican Grill by 94.3% during the 3rd quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock valued at $171,118,000 after buying an additional 1,441,172 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 5,188.9% in the third quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock valued at $818,860,000 after purchasing an additional 1,394,270 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Down 0.4 %

Shares of Chipotle Mexican Grill stock opened at $57.27 on Friday. The company has a fifty day simple moving average of $60.27 and a 200-day simple moving average of $57.84. 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 cap of $78.04 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 43.20% and a net margin of 13.51%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Evercore ISI increased their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Stephens lowered their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $66.31.

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.