Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Decreased by Lindbrook Capital LLC

Lindbrook Capital LLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,730 shares of the restaurant operator’s stock after selling 869 shares during the quarter. Lindbrook Capital LLC’s holdings in Chipotle Mexican Grill were worth $1,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC grew its position 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 buying an additional 475 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $33,000. Sound Income Strategies LLC boosted its stake in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $37,000. Finally, Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $45,000. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of several research reports. Evercore ISI raised their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. 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 note on Wednesday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Stephens reduced their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays reduced their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.60.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $53.62 on Thursday. The company has a market capitalization of $72.68 billion, a price-to-earnings ratio of 48.30, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company’s fifty day moving average price is $56.88 and its two-hundred day moving average price is $58.10.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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 net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.