White Wing Wealth Management Reduces Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

White Wing Wealth Management decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,442 shares of the restaurant operator’s stock after selling 608 shares during the quarter. Chipotle Mexican Grill comprises 0.4% of White Wing Wealth Management’s holdings, making the stock its 17th largest position. White Wing Wealth Management’s holdings in Chipotle Mexican Grill were worth $486,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shellback Capital LP raised its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after buying an additional 122,500 shares during the period. Swedbank AB acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $53,979,000. Transform Wealth LLC lifted its stake in shares of 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 valued at $597,000 after purchasing an additional 9,331 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of Chipotle Mexican Grill by 4,731.0% during the 2nd quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after purchasing an additional 16,795 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings 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 valued at $1,279,000 after buying an additional 19,988 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

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 shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction 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 owns 358,300 shares in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now owns 473,514 shares of the company’s stock, valued at $26,052,740.28. The trade was 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 34,934 shares of company stock valued at $1,918,589 over the last quarter. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $57.66 on Tuesday. The firm’s 50-day moving average is $55.08 and its two-hundred day moving average is $81.41. The company has a market capitalization of $79.19 billion, a PE ratio of 60.35, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 12-month low of $35.37 and a 12-month high of $69.26.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Truist Financial reissued a “buy” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, August 13th. Citigroup raised their price target on Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Guggenheim increased their price target on Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.44.

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.