Optas LLC Has $740,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Optas LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,268 shares of the restaurant operator’s stock after selling 4,892 shares during the quarter. Optas LLC’s holdings in Chipotle Mexican Grill were worth $740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC increased its holdings in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $33,000. Quarry LP bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $37,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $35,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial lifted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Raymond James decreased their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. TD Cowen upped their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Jefferies Financial Group upped their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $66.88.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.0 %

Shares of CMG opened at $58.36 on Tuesday. The business’s fifty day simple moving average is $60.50 and its two-hundred day simple moving average is $57.77. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The company has a market cap of $79.53 billion, a price-to-earnings ratio of 54.32, a P/E/G ratio of 2.07 and a beta of 1.27.

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.