Passumpsic Savings Bank Sells 917 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Passumpsic Savings Bank lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,834 shares of the restaurant operator’s stock after selling 917 shares during the period. Chipotle Mexican Grill comprises about 1.6% of Passumpsic Savings Bank’s holdings, making the stock its 28th largest holding. Passumpsic Savings Bank’s holdings in Chipotle Mexican Grill were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Outfitter Financial LLC lifted its stake in shares of Chipotle Mexican Grill by 40.5% in the 4th quarter. Outfitter Financial LLC now owns 9,975 shares of the restaurant operator’s stock valued at $601,000 after acquiring an additional 2,875 shares during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $201,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $139,000. Compass Capital Corp MA ADV purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $371,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $101,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $51.47 on Friday. The stock has a market cap of $69.76 billion, a price-to-earnings ratio of 46.36, a P/E/G ratio of 2.07 and a beta of 1.27. The stock’s 50 day moving average price is $58.64 and its 200-day moving average price is $58.11. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Raymond James reduced their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. KeyCorp dropped their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock 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 stock an “outperform” rating in a research note on Wednesday, October 30th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction 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 sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is owned by company insiders.

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.