First Affirmative Financial Network Sells 718 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Affirmative Financial Network trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,064 shares of the restaurant operator’s stock after selling 718 shares during the period. First Affirmative Financial Network’s holdings in Chipotle Mexican Grill were worth $245,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ZRC Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 384.0% during the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares during the last quarter. Transcendent Capital Group LLC increased its holdings 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 valued at $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill during the third quarter worth about $33,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $35,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMG has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Stephens reiterated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.88.

Get Our Latest Stock Analysis on CMG

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $58.97 on Friday. The stock has a market capitalization of $80.35 billion, a P/E ratio of 54.88, a PEG ratio of 1.88 and a beta of 1.27. The stock’s fifty day moving average is $60.59 and its 200 day moving average is $57.73. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

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 shares were sold at an average price of $65.01, for a total transaction 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. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

About Chipotle Mexican Grill

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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