Scott & Selber Inc. Sells 868 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Scott & Selber Inc. lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,404 shares of the restaurant operator’s stock after selling 868 shares during the quarter. Scott & Selber Inc.’s holdings in Chipotle Mexican Grill were worth $2,135,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Chipotle Mexican Grill by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock valued at $511,865,000 after acquiring an additional 288,266 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Chipotle Mexican Grill by 364.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 228,622 shares of the restaurant operator’s stock valued at $13,786,000 after purchasing an additional 179,365 shares during the period. Schechter Investment Advisors LLC raised its position in Chipotle Mexican Grill by 1.2% during the 4th quarter. Schechter Investment Advisors LLC now owns 18,690 shares of the restaurant operator’s stock worth $1,127,000 after purchasing an additional 220 shares during the last quarter. Mission Wealth Management LP lifted its holdings in Chipotle Mexican Grill by 8.7% during the 4th quarter. Mission Wealth Management LP now owns 11,601 shares of the restaurant operator’s stock worth $700,000 after buying an additional 928 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in Chipotle Mexican Grill by 2.8% during the 4th quarter. Fidelis Capital Partners LLC now owns 108,001 shares of the restaurant operator’s stock worth $6,303,000 after buying an additional 2,949 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $54.34 on Tuesday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company has a market cap of $73.65 billion, a PE ratio of 48.95, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average of $57.23 and a 200-day moving average of $58.13.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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%. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on 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 of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Citigroup raised their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Wedbush dropped their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.60.

About Chipotle Mexican Grill

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.