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

Cyndeo Wealth Partners LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,624 shares of the restaurant operator’s stock after selling 4,653 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $3,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Public Sector Pension Investment Board raised its stake in Chipotle Mexican Grill by 8,266.2% during the second quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock worth $3,192,000 after purchasing an additional 50,341 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Chipotle Mexican Grill by 5,714.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after buying an additional 4,914 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $106,000. Caxton Associates LP purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $479,000. Finally, APG Asset Management N.V. lifted its holdings in Chipotle Mexican Grill by 10,215.0% in the second quarter. APG Asset Management N.V. now owns 346,997 shares of the restaurant operator’s stock valued at $20,284,000 after acquiring an additional 343,633 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.6 %

NYSE CMG opened at $56.61 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $46.15 and a 52 week high of $69.26. The firm has a 50 day moving average of $60.64 and a two-hundred day moving average of $57.72. The stock has a market capitalization of $77.14 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This 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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays raised their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Stephens restated an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday. BMO Capital Markets lifted their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Loop Capital upped their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

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.