First Horizon Advisors Inc. Has $467,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Horizon Advisors Inc. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,746 shares of the restaurant operator’s stock after selling 2,205 shares during the quarter. First Horizon Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $467,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after purchasing an additional 438,007 shares during the period. Franklin Resources Inc. increased its position in shares of Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after buying an additional 381,873 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after buying an additional 518,521 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Chipotle Mexican Grill by 11.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after buying an additional 858,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock valued at $472,505,000 after buying an additional 132,756 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $51.15 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The company has a market capitalization of $69.32 billion, a P/E ratio of 46.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a 50-day simple moving average of $58.11 and a 200 day simple moving average of $58.14.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Truist Financial upped their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.