Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Trimmed by HCR Wealth Advisors

HCR Wealth Advisors trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.8% during the fourth quarter, Holdings Channel reports. The firm owned 5,108 shares of the restaurant operator’s stock after selling 1,592 shares during the quarter. HCR Wealth Advisors’ holdings in Chipotle Mexican Grill were worth $308,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Shellback Capital LP raised its stake in Chipotle Mexican Grill by 4,900.0% during the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after acquiring an additional 122,500 shares during the period. Hantz Financial Services Inc. raised its position in shares of Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after purchasing an additional 48,126 shares during the period. L & S Advisors Inc acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $3,256,000. Optas LLC lifted its holdings in shares of Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after purchasing an additional 13,060 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $758,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $57.36 on Thursday. The firm has a market cap of $78.16 billion, a price-to-earnings ratio of 53.39, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $45.50 and a 1 year high of $69.26. The firm’s 50 day moving average price is $60.94 and its two-hundred day moving average price is $57.91.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several brokerages have weighed in on CMG. BMO Capital Markets increased their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Raymond James upped their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, TD Cowen lifted their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Profile

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.