Private Advisor Group LLC Sells 8,588 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Private Advisor Group LLC reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,500 shares of the restaurant operator’s stock after selling 8,588 shares during the period. Private Advisor Group LLC’s holdings in Chipotle Mexican Grill were worth $7,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. U.S. Capital Wealth Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $715,000. Hantz Financial Services Inc. grew its stake in shares of Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares during the period. Finally, L & S Advisors Inc bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $3,256,000. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research analyst reports. Stephens decreased their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. KeyCorp reduced their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Barclays reduced their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. 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. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Chipotle Mexican Grill Trading Down 3.0 %

CMG stock opened at $51.47 on Friday. The stock has a 50-day moving average price of $58.64 and a two-hundred day moving average price of $58.11. The stock has a market cap of $69.76 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year 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, topping analysts’ consensus estimates 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.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was 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 owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Company 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.