Independent Advisor Alliance Sells 2,218 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Independent Advisor Alliance lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 82,471 shares of the restaurant operator’s stock after selling 2,218 shares during the period. Independent Advisor Alliance’s holdings in Chipotle Mexican Grill were worth $4,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $31,000. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its position in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $37,000. Finally, Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $45,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.3 %

Chipotle Mexican Grill stock opened at $49.99 on Wednesday. The business’s 50-day simple moving average is $56.05 and its 200 day simple moving average is $58.06. The stock has a market cap of $67.76 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of several research reports. Evercore ISI raised their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. 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 research report on Wednesday, February 5th. Wedbush reduced their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. KeyCorp reduced their target price on 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, Raymond James reduced their target price 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. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.60.

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.