Mutual of America Capital Management LLC Sells 4,544 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mutual of America Capital Management LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 168,728 shares of the restaurant operator’s stock after selling 4,544 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $9,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Shellback Capital LP increased its holdings in shares of Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after buying an additional 122,500 shares in the last quarter. Swedbank AB bought a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $53,979,000. Optas LLC raised its position in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after purchasing an additional 13,060 shares during the last quarter. Savvy Advisors Inc. acquired a new position in Chipotle Mexican Grill in the third quarter worth $758,000. Finally, Pathway Financial Advisers LLC boosted its stake in Chipotle Mexican Grill by 5,662.0% in the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock worth $498,000 after purchasing an additional 8,493 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $58.63 on Monday. The stock’s 50-day moving average is $58.02 and its 200-day moving average is $81.31. Chipotle Mexican Grill, Inc. has a one year low of $43.10 and a one year high of $69.26. The firm has a market cap of $79.89 billion, a P/E ratio of 54.57, a P/E/G ratio of 2.36 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CMG. Piper Sandler raised their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada assumed coverage on shares of Chipotle Mexican Grill in a research note on Friday. They issued an “outperform” rating and a $70.00 target price for the company. TD Cowen increased their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $71.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup decreased their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

Insider Buying and Selling

In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,290 shares of company stock valued at $1,866,023. Company insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

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.