Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,525 shares of the restaurant operator’s stock after selling 1,225 shares during the quarter. Ridgewood Investments LLC’s holdings in Chipotle Mexican Grill were worth $152,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hilltop National Bank boosted its position in Chipotle Mexican Grill by 6.5% during the 4th quarter. Hilltop National Bank now owns 44,582 shares of the restaurant operator’s stock valued at $2,688,000 after purchasing an additional 2,709 shares during the period. Legacy Private Trust Co. boosted its position in Chipotle Mexican Grill by 2.1% during the 4th quarter. Legacy Private Trust Co. now owns 40,171 shares of the restaurant operator’s stock valued at $2,422,000 after purchasing an additional 819 shares during the period. Kozak & Associates Inc. boosted its position in Chipotle Mexican Grill by 11.5% during the 4th quarter. Kozak & Associates Inc. now owns 6,912 shares of the restaurant operator’s stock valued at $413,000 after purchasing an additional 712 shares during the period. Boltwood Capital Management boosted its position in Chipotle Mexican Grill by 8.8% during the 4th quarter. Boltwood Capital Management now owns 13,025 shares of the restaurant operator’s stock valued at $785,000 after purchasing an additional 1,050 shares during the period. Finally, CWA Asset Management Group LLC boosted its position in Chipotle Mexican Grill by 50.0% during the 4th quarter. CWA Asset Management Group LLC now owns 18,734 shares of the restaurant operator’s stock valued at $1,130,000 after purchasing an additional 6,248 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.4 %

Shares of Chipotle Mexican Grill stock opened at $56.54 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.53 and a 12-month high of $69.26. The firm has a market capitalization of $77.04 billion, a PE ratio of 52.62, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The stock’s fifty day moving average is $60.94 and its 200-day moving average is $80.46.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating 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 the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CMG has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, Stephens reaffirmed an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

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.