Dynamic Advisor Solutions LLC Has $831,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dynamic Advisor Solutions LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 65.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,780 shares of the restaurant operator’s stock after selling 25,967 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Chipotle Mexican Grill were worth $831,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC raised its holdings in shares of Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 168 shares during the period. Lecap Asset Management Ltd. increased its position in Chipotle Mexican Grill by 1.2% in the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after buying an additional 175 shares during the last quarter. Connable Office Inc. raised its stake in shares of Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after buying an additional 178 shares during the period. Albion Financial Group UT raised its stake in shares of Chipotle Mexican Grill by 14.4% in the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock valued at $82,000 after buying an additional 180 shares during the period. Finally, Traynor Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after buying an additional 181 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMG shares. Loop Capital lifted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup reduced their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $56.61 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $46.15 and a 52-week high of $69.26. The company has a fifty day moving average of $60.64 and a 200-day moving average of $57.72. The company has a market capitalization of $77.14 billion, a P/E ratio of 52.69, a P/E/G ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. As a group, 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 Chipotle Mexican Grill stock in a transaction 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 in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

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.