Accuvest Global Advisors Lowers Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Accuvest Global Advisors trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 51,674 shares of the restaurant operator’s stock after selling 340 shares during the period. Chipotle Mexican Grill makes up 4.4% of Accuvest Global Advisors’ portfolio, making the stock its 13th biggest position. Accuvest Global Advisors’ holdings in Chipotle Mexican Grill were worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC lifted its holdings in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $33,000. Global Trust Asset Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $35,000. Finally, Sound Income Strategies LLC raised its stake in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock opened at $54.48 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The firm has a market cap of $74.23 billion, a PE ratio of 49.07, a P/E/G ratio of 2.14 and a beta of 1.27. The firm has a 50 day simple moving average of $59.35 and a 200 day simple moving average of $58.16.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMG shares. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler dropped their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. BMO Capital Markets increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Loop Capital increased their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.02% of the stock is owned by 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.