Natixis Advisors LLC Has $63.46 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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Natixis Advisors LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 30.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,263,891 shares of the restaurant operator's stock after selling 563,906 shares during the period. Natixis Advisors LLC owned approximately 0.09% of Chipotle Mexican Grill worth $63,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Chipotle Mexican Grill by 22.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock valued at $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Schroder Investment Management Group lifted its stake in Chipotle Mexican Grill by 67.2% in the 4th quarter. Schroder Investment Management Group now owns 615,505 shares of the restaurant operator's stock valued at $36,986,000 after purchasing an additional 247,478 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in Chipotle Mexican Grill by 9.3% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 53,818 shares of the restaurant operator's stock valued at $3,245,000 after purchasing an additional 4,568 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Chipotle Mexican Grill by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock valued at $1,712,238,000 after purchasing an additional 395,053 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chipotle Mexican Grill 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 completion of the sale, the insider directly owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Down 1.4%

CMG stock opened at $43.78 on Thursday. The firm has a market cap of $58.99 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 2.26 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 12-month low of $43.63 and a 12-month high of $66.74. The company's fifty day simple moving average is $52.32 and its 200 day simple moving average is $52.35.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMG. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Piper Sandler raised their price objective on shares of Chipotle Mexican Grill from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Guggenheim lowered their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Finally, Stephens reaffirmed an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $60.71.

About Chipotle Mexican Grill

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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