Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,752 shares of the restaurant operator’s stock after selling 554 shares during the period. Financial Advocates Investment Management’s holdings in Chipotle Mexican Grill were worth $829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in shares of Chipotle Mexican Grill by 5,897.8% during the third 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 in the last quarter. L & S Advisors Inc acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth $3,256,000. Optas LLC increased its position in shares of Chipotle Mexican Grill by 318.5% during the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after acquiring an additional 13,060 shares during the period. Lockheed Martin Investment Management Co. raised its stake in shares of Chipotle Mexican Grill by 19.6% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 177,630 shares of the restaurant operator’s stock valued at $10,711,000 after acquiring an additional 29,140 shares in the last quarter. Finally, Harrell Investment Partners LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at $2,513,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.1 %

Shares of CMG stock opened at $57.29 on Friday. The stock’s 50-day moving average price is $60.17 and its 200 day moving average price is $57.83. The stock has a market capitalization of $78.06 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CMG shares. KeyCorp cut their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday. Truist Financial boosted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets lifted their price objective on shares of 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. Finally, Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 sale, the insider now owns 185,792 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

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.