Spire Wealth Management sells 676 shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)


Spire Wealth Management reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE: CMGGet an assessment) by 25.8% in the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 1,943 shares of the restaurateur after selling 676 shares during the period. Spire Wealth Management’s holdings in Chipotle Mexican Grill were worth $3,075,000 at the end of the last quarter.

Several other hedge funds also bought and sold stocks. BlackRock Inc. increased its equity stake in Chipotle Mexican Grill by 9.7% during the 4th quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant owner worth $3,442,615,000 after acquiring an additional 173,771 shares in the last quarter. State Street Corp increased its stake in shares of Chipotle Mexican Grill by 3.7% during the 4th quarter. State Street Corp now owns 1,133,470 shares of the restaurateur worth $1,981,589,000 after acquiring 39,982 additional shares in the last quarter. Capital World Investors increased its equity stake in Chipotle Mexican Grill by 16.3% during the 4th quarter. Capital World Investors now owns 841,133 shares of the restaurateur worth $1,470,511,000 after acquiring 117,699 additional shares in the last quarter. Geode Capital Management LLC increased its equity stake in Chipotle Mexican Grill by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 510,193 shares of the restaurateur worth $889,586,000 after acquiring 18,383 additional shares in the last quarter. Finally, American Century Companies Inc. increased its equity stake in Chipotle Mexican Grill by 5.5% during the 4th quarter. American Century Companies Inc. now owns 418,918 shares of the restaurateur worth $732,373,000 after acquiring 21,837 additional shares in the last quarter. 89.85% of the shares are currently held by institutional investors and hedge funds.

Separately, director Robin S. Hickenlooper sold 48 shares of the company in a trade that took place on Thursday, May 19. The stock was sold at an average price of $1,267.56, for a total transaction of $60,842.88. Following the completion of the sale, the director now owns 927 shares of the company, valued at $1,175,028.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Also, CTO Curtis E. Garner sold 1,000 shares of the company in a trade that took place on Thursday, June 9. The stock was sold at an average price of $1,382.47, for a total value of $1,382,470.00. Following the sale, the CTO now directly owns 16,387 shares of the company, valued at approximately $22,654,535.89. Disclosure of this sale can be found here. 1.01% of the shares are currently held by insiders of the company.

A number of research analysts have weighed in on the company recently. Wedbush cut its price target on Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a Thursday, June 2 report. KeyCorp raised its price target on Chipotle Mexican Grill from $1,850.00 to $1,900.00 and gave the company an “overweight” rating in a Thursday, April 14 report. Piper Sandler reduced its price target on Chipotle Mexican Grill from $2,600.00 to $2,500.00 and set an “overweight” rating on the stock in a Monday, March 14 report. Cowen reduced his price target on Chipotle Mexican Grill from $1,950.00 to $1,830.00 in a Wednesday, April 27 report. Finally, Barclays reduced its price target on Chipotle Mexican Grill from $1,585.00 to $1,335.00 and set an “equal weight” rating on the stock in a Thursday, June 9 report. Eight investment analysts gave the stock a hold rating, twenty-three gave the stock a buy rating and one gave the stock a high buy rating. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $1,932.75.

Chipotle Grilled Mexican Broth opened at $1,331.71 on Tuesday. The company has a market capitalization of $37.23 billion, a PE ratio of 55.35, a P/E/G ratio of 1.82 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 12-month low of $1,196.28 and a 12-month high of $1,958.55. The stock has a 50-day moving average price of $1,357.23 and a two-hundred-day moving average price of $1,482.71.

Grilled Mexican Chipotle (NYSE: CMGGet an assessment) last reported results on Tuesday, April 26. The restaurateur reported EPS of $5.70 for the quarter, beating the consensus estimate of $5.63 by $0.07. The company posted revenue of $2.02 billion in the quarter, versus a consensus estimate of $2.01 billion. Chipotle Mexican Grill had a return on equity of 32.88% and a net margin of 8.74%. During the same period last year, the company earned earnings per share of $5.36. On average, equity research analysts expect Chipotle Mexican Grill, Inc. to post EPS of 31.45 for the current year.

Company Profile Chipotle Mexican Grill (Get an assessment)

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, United Kingdom, France, Germany and the rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further reading

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Institutional ownership by quarter for Chipotle Mexican Grill (NYSE:CMG)



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