Allspring Global Investments Holdings LLC Sells 2,776,963 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Allspring Global Investments Holdings LLC reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 92.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 219,529 shares of the restaurant operator’s stock after selling 2,776,963 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Chipotle Mexican Grill were worth $12,649,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Riverview Trust Co lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. RiverPark Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 392 shares in the last quarter. Archer Investment Corp acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $25,000. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMG shares. KeyCorp reduced their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. BMO Capital Markets decreased their target price on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Barclays cut their price target on shares of 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. Truist Financial raised their price objective on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Oppenheimer reiterated an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.03.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $59.44 on Friday. The firm has a market cap of $81.63 billion, a P/E ratio of 63.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The business’s 50 day moving average is $56.63 and its 200-day moving average is $81.17. Chipotle Mexican Grill, Inc. has a 1-year low of $35.97 and a 1-year 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 for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $12.65 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now owns 457,764 shares in the company, valued at $26,115,436.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction 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 sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,684 shares of company stock valued at $2,817,127. 1.02% of the stock is owned by company insiders.

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.