Concurrent Investment Advisors LLC Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Concurrent Investment Advisors LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,818 shares of the restaurant operator’s stock after selling 4,206 shares during the period. Concurrent Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC increased its stake in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill in the third quarter worth $33,000. Global Trust Asset Management LLC purchased a new stake in Chipotle Mexican Grill in the third quarter worth $35,000. Sound Income Strategies LLC increased its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in Chipotle Mexican Grill in the third quarter worth $37,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 3.0 %

Chipotle Mexican Grill stock opened at $51.47 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The company has a market capitalization of $69.76 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The stock has a 50-day moving average price of $58.64 and a 200 day moving average price of $58.11.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup raised their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Robert W. Baird raised their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.