abrdn plc Sells 82,650 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

abrdn plc reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 464,851 shares of the restaurant operator’s stock after selling 82,650 shares during the period. abrdn plc’s holdings in Chipotle Mexican Grill were worth $27,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC grew its stake in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $33,000. Global Trust Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC grew its stake in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $57.54 on Thursday. The company has a market capitalization of $78.41 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a fifty day moving average of $60.36 and a 200-day moving average of $57.84.

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 analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

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 completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMG. Wedbush decreased their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets increased their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $59.00 to $73.00 in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.