Cigna Investments Inc. New Decreases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cigna Investments Inc. New cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,960 shares of the restaurant operator’s stock after selling 189 shares during the quarter. Cigna Investments Inc. New’s holdings in Chipotle Mexican Grill were worth $841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Peterson Wealth Services lifted its stake in Chipotle Mexican Grill by 10.3% in the 4th quarter. Peterson Wealth Services now owns 5,772 shares of the restaurant operator’s stock worth $348,000 after purchasing an additional 538 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $311,000. Essex Financial Services Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $207,000. Panoramic Capital Partners LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $262,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in Chipotle Mexican Grill by 4.3% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 31,788 shares of the restaurant operator’s stock worth $1,917,000 after purchasing an additional 1,302 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $57.84 on Tuesday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The stock has a market cap of $78.81 billion, a PE ratio of 52.10, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. The firm has a fifty day moving average price of $60.09 and a 200 day moving average price of $57.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Stephens cut their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Citigroup raised their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Finally, TD Cowen raised their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

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.