Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Souders Financial Advisors

Souders Financial Advisors cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,541 shares of the restaurant operator’s stock after selling 4,470 shares during the period. Souders Financial Advisors’ holdings in Chipotle Mexican Grill were worth $1,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $692,701,000. Thrivent Financial for Lutherans grew its holdings in Chipotle Mexican Grill by 674.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after buying an additional 1,848,625 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Chipotle Mexican Grill by 123.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after acquiring an additional 1,364,635 shares during the period. Intech Investment Management LLC increased its position in Chipotle Mexican Grill by 224.2% in the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after acquiring an additional 1,173,207 shares during the period. Finally, Premier Fund Managers Ltd acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth $57,335,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 2.3 %

Shares of CMG opened at $53.10 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The stock’s 50-day moving average price is $57.05 and its two-hundred day moving average price is $58.14. The company has a market capitalization of $71.96 billion, a PE ratio of 47.82, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results 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%. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was 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 through the SEC website. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several research analyst reports. Stephens lowered their target price 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. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Barclays lowered their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, KeyCorp cut their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.60.

Chipotle Mexican Grill 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.