Hager Investment Management Services LLC Trims Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hager Investment Management Services LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 61.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,982 shares of the restaurant operator's stock after selling 14,451 shares during the period. Hager Investment Management Services LLC's holdings in Chipotle Mexican Grill were worth $451,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CMG. Alliancebernstein L.P. boosted its position in shares of Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Geode Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after acquiring an additional 166,767 shares during the period. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $1,093,345,000. Finally, Northern Trust Corp boosted its position in shares of Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after acquiring an additional 1,438,860 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $54.81 on Tuesday. The firm has a market cap of $73.85 billion, a price-to-earnings ratio of 48.51, a PEG ratio of 2.78 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $66.74. The firm has a 50 day moving average price of $52.68 and a 200-day moving average price of $53.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $13.37 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. Finally, Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.21.

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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