Van ECK Associates Corp Sells 154 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Van ECK Associates Corp trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 60.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99 shares of the restaurant operator’s stock after selling 154 shares during the period. Van ECK Associates Corp’s holdings in Chipotle Mexican Grill were worth $149,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Avitas Wealth Management LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $1,393,000. Heritage Investors Management Corp grew its holdings in Chipotle Mexican Grill by 3.1% during the 3rd quarter. Heritage Investors Management Corp now owns 7,400 shares of the restaurant operator’s stock valued at $11,120,000 after purchasing an additional 224 shares during the last quarter. Asset Dedication LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter valued at about $486,000. CWM LLC boosted its position in Chipotle Mexican Grill by 8.2% in the 3rd quarter. CWM LLC now owns 371 shares of the restaurant operator’s stock valued at $558,000 after buying an additional 28 shares during the period. Finally, Founders Financial Securities LLC boosted its position in Chipotle Mexican Grill by 100.0% in the 3rd quarter. Founders Financial Securities LLC now owns 400 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 200 shares during the period. 93.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CMG shares. StockNews.com raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and issued a $1,800.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, October 18th. Morgan Stanley cut shares of Chipotle Mexican Grill from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $1,847.00 to $1,664.00 in a research report on Tuesday. Citigroup upped their price target on shares of Chipotle Mexican Grill to $1,888.00 in a research report on Thursday, October 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Chipotle Mexican Grill from $1,708.00 to $1,699.00 in a research note on Thursday, October 27th. Five investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $1,812.33.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $1,504.14 on Friday. The firm has a market capitalization of $41.70 billion, a P/E ratio of 52.35, a PEG ratio of 1.33 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1-year low of $1,196.28 and a 1-year high of $1,754.56. The company’s fifty day moving average price is $1,485.15 and its 200-day moving average price is $1,515.65.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The restaurant operator reported $9.51 earnings per share for the quarter, topping analysts’ consensus estimates of $9.11 by $0.40. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. Chipotle Mexican Grill had a net margin of 9.61% and a return on equity of 38.03%. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 33.32 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of September 30, 2022, it owned and operated approximately 3,100 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.

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

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