Stratos Wealth Partners LTD. Lowers Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Stratos Wealth Partners LTD. lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,639 shares of the restaurant operator’s stock after selling 10,493 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Chipotle Mexican Grill were worth $9,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. E. Ohman J or Asset Management AB grew its position in Chipotle Mexican Grill by 11.2% during the 4th quarter. E. Ohman J or Asset Management AB now owns 61,040 shares of the restaurant operator’s stock valued at $3,681,000 after purchasing an additional 6,140 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Chipotle Mexican Grill by 12.0% in the fourth quarter. Mather Group LLC. now owns 13,881 shares of the restaurant operator’s stock worth $837,000 after buying an additional 1,483 shares in the last quarter. Rockline Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 4.0% during the fourth quarter. Rockline Wealth Management LLC now owns 52,683 shares of the restaurant operator’s stock valued at $3,177,000 after buying an additional 2,013 shares during the last quarter. Calamos Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 1.3% during the fourth quarter. Calamos Wealth Management LLC now owns 19,470 shares of the restaurant operator’s stock valued at $1,174,000 after acquiring an additional 258 shares in the last quarter. Finally, Trust Point Inc. raised its holdings in Chipotle Mexican Grill by 22.1% in the 4th quarter. Trust Point Inc. now owns 7,087 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other 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 transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 2.5 %

Shares of Chipotle Mexican Grill stock opened at $57.54 on Thursday. The company has a fifty day simple moving average of $60.36 and a 200-day simple moving average of $57.84. The stock has a market cap of $78.41 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler dropped their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus decreased their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group lifted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

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.