Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,945 shares of the restaurant operator’s stock after selling 7,750 shares during the period. Marcum Wealth LLC’s holdings in Chipotle Mexican Grill were worth $781,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Shellback Capital LP boosted its position in shares of Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after purchasing an additional 122,500 shares during the period. Hantz Financial Services Inc. boosted its stake in Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after purchasing an additional 48,126 shares during the period. L & S Advisors Inc purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth $3,256,000. Optas LLC increased its stake in Chipotle Mexican Grill by 318.5% in the third quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after purchasing an additional 13,060 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth about $758,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling

In other 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 value 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. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $56.24 on Tuesday. The firm has a market cap of $76.63 billion, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The stock has a 50-day simple moving average of $60.94 and a 200-day simple moving average of $57.96. Chipotle Mexican Grill, Inc. has a 1 year low of $45.50 and a 1 year high of $69.26.

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

Analyst Ratings Changes

Several analysts have commented on CMG shares. BMO Capital Markets upped their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Piper Sandler raised their target price on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial lifted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays raised their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Finally, Raymond James boosted their target price on Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill 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.