Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Lowered by Great Diamond Partners LLC

Great Diamond Partners LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,772 shares of the restaurant operator’s stock after selling 423 shares during the period. Great Diamond Partners LLC’s holdings in Chipotle Mexican Grill were worth $227,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMG. ZRC Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares during the last quarter. Transcendent Capital Group LLC raised its position in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at $32,000. Capital Performance Advisors LLP acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $33,000. Finally, Global Trust Asset Management LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $58.34 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The stock’s 50-day moving average is $60.57 and its two-hundred day moving average is $57.74. The firm has a market cap of $79.49 billion, a P/E ratio of 54.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on CMG shares. Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. BMO Capital Markets upped their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Finally, Raymond James decreased their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.88.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were 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 directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.