NumerixS Investment Technologies Inc trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 88.9% in the 4th quarter, HoldingsChannel reports. The fund owned 500 shares of the restaurant operator’s stock after selling 4,000 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Chipotle Mexican Grill were worth $212,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. First Hawaiian Bank raised its holdings in shares of Chipotle Mexican Grill by 4.5% during the fourth quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock worth $201,000 after acquiring an additional 20 shares in the last quarter. Huntington National Bank raised its holdings in shares of Chipotle Mexican Grill by 19.9% during the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 28 shares in the last quarter. Emerald Advisers LLC raised its holdings in shares of Chipotle Mexican Grill by 1.7% during the fourth quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock worth $1,060,000 after acquiring an additional 40 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Chipotle Mexican Grill by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock worth $2,705,000 after acquiring an additional 42 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 7.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 744 shares of the restaurant operator’s stock worth $321,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.
Get Chipotle Mexican Grill alerts:In other news, Director Pershing Square Capital Manage sold 11,980 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $602.45, for a total value of $7,217,351.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jack Hartung sold 7,150 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $606.77, for a total value of $4,338,405.50. Following the completion of the sale, the chief financial officer now directly owns 45,237 shares in the company, valued at $27,448,454.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,130 shares of company stock worth $23,448,757. 2.19% of the stock is currently owned by company insiders.
Several brokerages recently issued reports on CMG. Zacks Investment Research lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, February 4th. BMO Capital Markets raised their target price on Chipotle Mexican Grill from $420.00 to $540.00 and gave the company a “market perform” rating in a report on Thursday, February 7th. Loop Capital raised their target price on Chipotle Mexican Grill to $630.00 and gave the company a “positive” rating in a report on Thursday, February 7th. KeyCorp raised their target price on Chipotle Mexican Grill from $525.00 to $625.00 and gave the company an “overweight” rating in a report on Thursday, February 7th. Finally, BTIG Research raised their target price on Chipotle Mexican Grill to $620.00 and gave the company a “positive” rating in a report on Thursday, February 7th. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $512.47.
Shares of NYSE:CMG opened at $616.44 on Monday. The stock has a market capitalization of $17.05 billion, a PE ratio of 68.04, a price-to-earnings-growth ratio of 2.79 and a beta of 0.60. Chipotle Mexican Grill, Inc. has a 52-week low of $307.70 and a 52-week high of $622.49.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.34. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 12.21 EPS for the current year.
WARNING: This news story was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4213636/numerixs-investment-technologies-inc-sells-4000-shares-of-chipotle-mexican-grill-inc-cmg.html.About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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