Nisa Investment Advisors LLC Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nisa Investment Advisors LLC reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 15.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 398,667 shares of the restaurant operator's stock after selling 70,472 shares during the quarter. Nisa Investment Advisors LLC's holdings in Chipotle Mexican Grill were worth $20,017,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Geode Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. raised its holdings in 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 worth $1,220,290,000 after purchasing an additional 166,767 shares in the last quarter. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $1,093,345,000. Finally, Northern Trust Corp lifted its holdings in shares of Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after purchasing an additional 1,438,860 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Stifel Nicolaus decreased their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Royal Bank Of Canada reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Truist Financial upped their target price on shares of Chipotle Mexican Grill from $63.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, UBS Group dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.25.

Insider Activity

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the company's 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 transaction, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $0.41 during trading hours on Friday, reaching $56.00. The stock had a trading volume of 8,282,822 shares, compared to its average volume of 12,680,253. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The company has a 50 day moving average price of $52.58 and a two-hundred day moving average price of $53.18. The stock has a market capitalization of $75.45 billion, a PE ratio of 49.56, a PEG ratio of 2.79 and a beta of 1.08.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.37 EPS. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.