Congress Asset Management Co. Sells 177,664 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Congress Asset Management Co. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,747,944 shares of the restaurant operator's stock after selling 177,664 shares during the period. Congress Asset Management Co. owned 0.13% of Chipotle Mexican Grill worth $87,764,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Mascagni Wealth Management Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $50,000. Finally, Sierra Ocean LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $50,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMG has been the topic of several analyst reports. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. KeyCorp cut their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. TD Securities cut their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Truist Financial cut their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Nine investment 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 data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.60.

Chipotle Mexican Grill Trading Down 0.1%

NYSE CMG opened at $52.57 on Friday. The firm has a market capitalization of $70.83 billion, a P/E ratio of 47.35, a PEG ratio of 2.04 and a beta of 1.06. The business has a fifty day simple moving average of $50.12 and a 200 day simple moving average of $54.68. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $13.37 EPS. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider now directly owns 109,815 shares of the company's stock, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.81% of the stock is currently owned by 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.

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