State of Alaska Department of Revenue Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

State of Alaska Department of Revenue lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,345 shares of the restaurant operator’s stock after selling 3,740 shares during the quarter. State of Alaska Department of Revenue’s holdings in Chipotle Mexican Grill were worth $10,573,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of Chipotle Mexican Grill by 1,087.9% during the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock valued at $271,547,000 after acquiring an additional 4,315,983 shares during the last quarter. Congress Asset Management Co. purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $109,396,000. Thrivent Financial for Lutherans raised its position in Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock valued at $122,314,000 after purchasing an additional 1,848,625 shares during the last quarter. Raymond James & Associates lifted its holdings in Chipotle Mexican Grill by 94.3% in the 3rd quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator’s stock worth $171,118,000 after buying an additional 1,441,172 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 5,188.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator’s stock worth $818,860,000 after buying an additional 1,394,270 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CMG shares. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler decreased their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Truist Financial increased their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $57.27 on Friday. The stock has a 50 day moving average price of $60.27 and a 200-day moving average price of $57.84. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company has a market capitalization of $78.04 billion, a P/E ratio of 53.31, a P/E/G ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 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.