Two Sigma Advisers LP Reduces Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Two Sigma Advisers LP lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 98.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,900 shares of the restaurant operator's stock after selling 907,900 shares during the quarter. Two Sigma Advisers LP's holdings in Chipotle Mexican Grill were worth $597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $31,000. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $38,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $45,000. Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $50,000. Finally, Sierra Ocean LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $50,000. Institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMG shares. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Loop Capital cut their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Evercore ISI cut their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, TD Securities cut their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $61.60.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Down 0.1%

Shares of CMG stock traded down $0.03 during trading on Friday, hitting $52.57. The company had a trading volume of 9,385,281 shares, compared to its average volume of 13,481,630. The stock's 50-day moving average is $50.12 and its two-hundred day moving average is $54.68. The stock has a market capitalization of $70.83 billion, a price-to-earnings ratio of 47.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the prior year, the business earned $13.37 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.