White Wing Wealth Management Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

White Wing Wealth Management cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,898 shares of the restaurant operator’s stock after selling 544 shares during the quarter. Chipotle Mexican Grill makes up about 0.4% of White Wing Wealth Management’s holdings, making the stock its 17th biggest holding. White Wing Wealth Management’s holdings in Chipotle Mexican Grill were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prakash Investment Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $434,000. ING Groep NV grew its position in shares of Chipotle Mexican Grill by 203.4% in the 4th quarter. ING Groep NV now owns 524,132 shares of the restaurant operator’s stock worth $31,605,000 after buying an additional 351,382 shares during the period. Elk River Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $208,000. Ieq Capital LLC boosted its stake in Chipotle Mexican Grill by 46.3% in the 4th quarter. Ieq Capital LLC now owns 128,381 shares of the restaurant operator’s stock worth $7,741,000 after purchasing an additional 40,654 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Chipotle Mexican Grill by 14.6% in the 4th quarter. Global Retirement Partners LLC now owns 41,853 shares of the restaurant operator’s stock worth $2,524,000 after purchasing an additional 5,345 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction 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 sale, 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CMG shares. Barclays dropped their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group upped their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Stephens dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Truist Financial upped 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. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $53.04 on Friday. The stock has a market cap of $71.88 billion, a P/E ratio of 47.77, a PEG ratio of 2.10 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm’s 50 day moving average price is $58.91 and its 200-day moving average price is $58.15.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.