American International Group Inc. Sells 26 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

American International Group Inc. reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,944 shares of the restaurant operator’s stock after selling 26 shares during the quarter. American International Group Inc.’s holdings in Chipotle Mexican Grill were worth $4,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 309,980 shares of the restaurant operator’s stock worth $133,605,000 after purchasing an additional 27,247 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Chipotle Mexican Grill by 44.0% in the fourth quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 51 shares in the last quarter. ARP Americas LP raised its stake in shares of Chipotle Mexican Grill by 210.4% in the fourth quarter. ARP Americas LP now owns 3,414 shares of the restaurant operator’s stock valued at $1,474,000 after acquiring an additional 2,314 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Chipotle Mexican Grill by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 41,092 shares of the restaurant operator’s stock valued at $17,743,000 after acquiring an additional 864 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Chipotle Mexican Grill by 54.9% in the fourth quarter. Stifel Financial Corp now owns 12,794 shares of the restaurant operator’s stock valued at $5,415,000 after acquiring an additional 4,532 shares in the last quarter. 93.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CMG stock traded down $0.17 during mid-day trading on Monday, hitting $712.27. 271,822 shares of the stock were exchanged, compared to its average volume of 691,978. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of 78.62, a PEG ratio of 3.23 and a beta of 0.68. Chipotle Mexican Grill, Inc. has a 12-month low of $318.11 and a 12-month high of $721.21.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.34. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 12.42 EPS for the current fiscal year.

In related news, CFO Jack Hartung sold 1,188 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $680.00, for a total transaction of $807,840.00. Following the completion of the sale, the chief financial officer now owns 37,472 shares of the company’s stock, valued at approximately $25,480,960. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pershing Square Capital Manage sold 11,980 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $602.45, for a total transaction of $7,217,351.00. The disclosure for this sale can be found here. Insiders sold a total of 51,788 shares of company stock valued at $31,629,459 in the last three months. Insiders own 2.21% of the company’s stock.

Several analysts have recently issued reports on CMG shares. Wedbush reiterated an “underperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 20th. Robert W. Baird reiterated a “buy” rating and issued a $525.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, January 3rd. Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. KeyCorp reiterated an “overweight” rating and issued a $525.00 price objective (up from $500.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada increased their price objective on Chipotle Mexican Grill from $510.00 to $550.00 and gave the company an “outperform” rating in a research note on Thursday, January 10th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $554.55.

ILLEGAL ACTIVITY WARNING: “American International Group Inc. Sells 26 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/15/chipotle-mexican-grill-inc-cmg-shares-sold-by-american-international-group-inc.html.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated approximately 2,500 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company was founded in 1993 and is headquartered in Newport Beach, California.

Featured Story: Technical Analysis of Stocks, How Can It Help

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.