Alcosta Capital Management Inc. Sells 54 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Alcosta Capital Management Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 2.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,577 shares of the restaurant operator’s stock after selling 54 shares during the quarter. Chipotle Mexican Grill accounts for 2.9% of Alcosta Capital Management Inc.’s holdings, making the stock its 17th biggest position. Alcosta Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $4,077,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CMG. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $449,935,000. BlackRock Inc. increased its stake in Chipotle Mexican Grill by 9.7% during the 4th quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant operator’s stock worth $3,442,615,000 after purchasing an additional 173,771 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Chipotle Mexican Grill by 1,388.3% during the 1st quarter. Brown Advisory Inc. now owns 165,070 shares of the restaurant operator’s stock worth $261,281,000 after acquiring an additional 153,979 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $81,000. Finally, Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 16.3% during the 4th quarter. Capital World Investors now owns 841,133 shares of the restaurant operator’s stock worth $1,470,511,000 after acquiring an additional 117,699 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Up 1.0 %

Chipotle Mexican Grill stock opened at $1,723.32 on Friday. The stock has a market cap of $47.85 billion, a P/E ratio of 64.52, a P/E/G ratio of 2.22 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a twelve month low of $1,196.28 and a twelve month high of $1,958.55. The company’s 50-day moving average price is $1,526.72 and its two-hundred day moving average price is $1,461.36.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 35.14%. During the same period in the previous year, the company posted $7.46 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 32.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMG. BMO Capital Markets decreased their price target on shares of Chipotle Mexican Grill from $1,700.00 to $1,600.00 and set a “market perform” rating for the company in a research note on Wednesday, July 27th. Royal Bank of Canada raised their price target on shares of Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 3rd. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $2,000.00 to $1,760.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating for the company in a research note on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,837.55.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CMO Christopher W. Brandt sold 1,532 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the transaction, the chief marketing officer now owns 8,508 shares in the company, valued at approximately $12,795,691.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 1,636 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $1,533.44, for a total transaction of $2,508,707.84. Following the transaction, the insider now owns 5,258 shares in the company, valued at approximately $8,062,827.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Christopher W. Brandt sold 1,532 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $1,503.96, for a total transaction of $2,304,066.72. Following the transaction, the chief marketing officer now owns 8,508 shares in the company, valued at approximately $12,795,691.68. The disclosure for this sale can be found here. Insiders have sold a total of 6,719 shares of company stock worth $10,246,870 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Chipotle Mexican Grill Company Profile

(Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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