Regal Investment Advisors LLC Sells 4,138 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Regal Investment Advisors LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.2% in the 4th quarter, Holdings Channel reports. The firm owned 4,810 shares of the restaurant operator’s stock after selling 4,138 shares during the period. Regal Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $290,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC boosted its position in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Raymond James lowered their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Barclays cut their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.42.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $48.13 on Friday. The company has a market cap of $65.24 billion, a PE ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The firm’s 50 day moving average price is $51.08 and its 200-day moving average price is $56.64.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.