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

Contravisory Investment Management Inc. reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 180,206 shares of the restaurant operator’s stock after selling 1,486 shares during the quarter. Chipotle Mexican Grill makes up 2.2% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 8th largest holding. Contravisory Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $10,383,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shellback Capital LP increased its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after buying an additional 122,500 shares during the period. Swedbank AB bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $53,979,000. Transform Wealth LLC increased its position in Chipotle Mexican Grill by 4,760.7% in the 2nd quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after buying an additional 9,331 shares during the period. First Hawaiian Bank increased its position in Chipotle Mexican Grill by 4,731.0% in the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after buying an additional 16,795 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Chipotle Mexican Grill by 4,747.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock worth $1,279,000 after buying an additional 19,988 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. BMO Capital Markets lowered their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Barclays lowered their price objective on Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Raymond James lowered their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Evercore ISI lowered their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, StockNews.com cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.44.

Chipotle Mexican Grill Stock Up 0.7 %

NYSE CMG opened at $58.33 on Friday. The stock’s 50-day simple moving average is $55.38 and its two-hundred day simple moving average is $81.24. Chipotle Mexican Grill, Inc. has a twelve month low of $35.37 and a twelve month high of $69.26. The company has a market capitalization of $79.88 billion, a price-to-earnings ratio of 57.14, a PEG ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $12.65 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at $19,591,844. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $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 a total of 50,684 shares of company stock worth $2,817,127 in the last 90 days. Company insiders own 1.02% of the company’s stock.

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.