Money Concepts Capital Corp Has $321,000 Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Money Concepts Capital Corp trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 9.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175 shares of the restaurant operator’s stock after selling 19 shares during the period. Money Concepts Capital Corp’s holdings in Chipotle Mexican Grill were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CMG. Aaron Wealth Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 4.1% in the second quarter. Aaron Wealth Advisors LLC now owns 128 shares of the restaurant operator’s stock valued at $274,000 after buying an additional 5 shares in the last quarter. SkyOak Wealth LLC raised its stake in shares of Chipotle Mexican Grill by 4.0% in the second quarter. SkyOak Wealth LLC now owns 156 shares of the restaurant operator’s stock worth $334,000 after acquiring an additional 6 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Chipotle Mexican Grill by 10.9% in the second quarter. Capital Advisors Ltd. LLC now owns 61 shares of the restaurant operator’s stock worth $130,000 after acquiring an additional 6 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 2.2% during the second quarter. Sequoia Financial Advisors LLC now owns 279 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 6 shares in the last quarter. Finally, Legacy Capital Group California Inc. grew its stake in shares of Chipotle Mexican Grill by 2.4% during the second quarter. Legacy Capital Group California Inc. now owns 258 shares of the restaurant operator’s stock valued at $552,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 91.19% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.0 %

Chipotle Mexican Grill stock opened at $2,311.94 on Thursday. The company has a 50 day moving average of $2,242.30 and a 200-day moving average of $2,040.71. Chipotle Mexican Grill, Inc. has a twelve month low of $1,470.05 and a twelve month high of $2,348.42. The stock has a market capitalization of $63.44 billion, a PE ratio of 54.84, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its earnings results on Thursday, October 26th. The restaurant operator reported $11.36 earnings per share for the quarter, topping analysts’ consensus estimates of $10.46 by $0.90. Chipotle Mexican Grill had a net margin of 12.27% and a return on equity of 45.26%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business earned $9.51 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 44.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CMG. Piper Sandler boosted their price objective on shares of Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays upped their price target on Chipotle Mexican Grill from $1,885.00 to $2,246.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 3rd. KeyCorp lifted their price objective on Chipotle Mexican Grill from $2,200.00 to $2,250.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Wedbush downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “neutral” rating and set a $2,400.00 target price on the stock. in a research report on Thursday, December 21st. Finally, Morgan Stanley raised their target price on shares of Chipotle Mexican Grill from $2,010.00 to $2,070.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,268.59.

Get Our Latest Report on CMG

Insider Transactions at Chipotle Mexican Grill

In related news, Director Patricia Filikrushel sold 57 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $2,049.81, for a total value of $116,839.17. Following the sale, the director now owns 686 shares of the company’s stock, valued at approximately $1,406,169.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Brian R. Niccol sold 1,060 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,950.00, for a total transaction of $2,067,000.00. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $45,526,650. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Patricia Filikrushel sold 57 shares of Chipotle Mexican Grill stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $2,049.81, for a total value of $116,839.17. Following the completion of the sale, the director now directly owns 686 shares in the company, valued at approximately $1,406,169.66. The disclosure for this sale can be found here. Insiders sold 4,733 shares of company stock valued at $10,000,321 over the last three months. Company insiders own 0.96% of the company’s stock.

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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