SeaCrest Wealth Management LLC Has $1.18 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

SeaCrest Wealth Management LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,535 shares of the restaurant operator’s stock after selling 434 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc increased its position in Chipotle Mexican Grill by 5,209.5% in the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares during the period. Marshall Wace LLP increased its position in Chipotle Mexican Grill by 76,617.6% in the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after purchasing an additional 5,897,255 shares during the period. Assenagon Asset Management S.A. increased its position in Chipotle Mexican Grill by 1,087.9% in the third quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator’s stock worth $271,547,000 after purchasing an additional 4,315,983 shares during the period. Sei Investments Co. increased its position in Chipotle Mexican Grill by 3,310.5% in the second quarter. Sei Investments Co. now owns 3,853,584 shares of the restaurant operator’s stock worth $241,426,000 after purchasing an additional 3,740,593 shares during the period. Finally, Marsico Capital Management LLC increased its position in Chipotle Mexican Grill by 4,820.5% in the second quarter. Marsico Capital Management LLC now owns 2,616,888 shares of the restaurant operator’s stock worth $163,948,000 after purchasing an additional 2,563,705 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CMG shares. Citigroup lowered their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Loop Capital raised their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Raymond James raised their target price on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Oppenheimer raised their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $57.36 on Thursday. The company has a market cap of $78.16 billion, a P/E ratio of 53.39, a PEG ratio of 2.64 and a beta of 1.27. The stock has a 50 day simple moving average of $60.94 and a two-hundred day simple moving average of $57.91. Chipotle Mexican Grill, Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS 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 firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.02% of the company’s stock.

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.