Sound View Wealth Advisors Group LLC Reduces Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sound View Wealth Advisors Group LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,961 shares of the restaurant operator’s stock after selling 1,078 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Chipotle Mexican Grill were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $33,000. CWA Asset Management Group LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $719,000. United Bank lifted its stake in Chipotle Mexican Grill by 13.7% in the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after purchasing an additional 4,451 shares during the last quarter. Atria Investments Inc boosted its position in shares of Chipotle Mexican Grill by 24.1% during the third quarter. Atria Investments Inc now owns 89,160 shares of the restaurant operator’s stock valued at $5,137,000 after buying an additional 17,314 shares during the period. Finally, Transcendent Capital Group LLC grew its stake 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 valued at $30,000 after buying an additional 475 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.7 %

Shares of CMG opened at $49.86 on Tuesday. The company has a 50 day moving average of $56.26 and a two-hundred day moving average of $58.09. The company has a market cap of $67.57 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Evercore ISI boosted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Truist Financial raised their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.