PNC Financial reduces Chipotle holdings as the company reports strong earnings growth.

PNC Financial Services sold shares of Chipotle Mexican Grill, reducing its holdings to 385,538 shares worth $22.2 million. Several other institutional investors have also adjusted their stakes, with some buying and others selling. Insiders have sold 33,290 shares, decreasing their ownership by 1.02%. Chipotle reported better-than-expected earnings, with EPS of $0.27, and revenue up 13% year-over-year. Analysts rate the company a "Moderate Buy" with a price target of $65.27.

November 22, 2024
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