Smith Anglin Financial LLC Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Smith Anglin Financial LLC trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,159 shares of the restaurant operator’s stock after selling 981 shares during the period. Smith Anglin Financial LLC’s holdings in Chipotle Mexican Grill were worth $251,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMG. Oliver Lagore Vanvalin Investment Group grew its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. ZRC Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the period. Transcendent Capital Group LLC boosted its position in shares of Chipotle Mexican Grill by 950.0% during 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 period. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth $32,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG opened at $57.28 on Wednesday. The business’s 50-day simple moving average is $60.94 and its 200-day simple moving average is $57.91. Chipotle Mexican Grill, Inc. has a one year low of $45.50 and a one year high of $69.26. The stock has a market capitalization of $78.05 billion, a P/E ratio of 53.31, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Loop Capital raised their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Citigroup lowered their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Barclays raised their price target on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Finally, Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

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.