Mutual Advisors LLC Has $1.03 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mutual Advisors LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,566 shares of the restaurant operator’s stock after selling 656 shares during the period. Mutual Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Traynor Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after purchasing an additional 181 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 443,988 shares of the restaurant operator’s stock worth $26,772,000 after purchasing an additional 18,245 shares during the period. Phillips Wealth Planners LLC lifted its holdings in Chipotle Mexican Grill by 36.9% during the 4th quarter. Phillips Wealth Planners LLC now owns 4,930 shares of the restaurant operator’s stock worth $279,000 after buying an additional 1,330 shares during the period. Daymark Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 6.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 4,259 shares of the restaurant operator’s stock valued at $257,000 after acquiring an additional 259 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Chipotle Mexican Grill by 25.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 469,139 shares of the restaurant operator’s stock worth $28,289,000 after buying an additional 94,829 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Wedbush reaffirmed an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Barclays lifted their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Finally, Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Chipotle Mexican Grill Trading Down 1.6 %

Shares of NYSE CMG opened at $56.61 on Friday. The business has a 50-day moving average of $60.64 and a 200-day moving average of $57.72. The firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $46.15 and a 12 month 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 the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the 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 completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.