Watts Gwilliam & Co. LLC Reduces Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Watts Gwilliam & Co. LLC reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,799 shares of the restaurant operator’s stock after selling 2,000 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Chipotle Mexican Grill were worth $394,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares in the last quarter. ZRC Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Transcendent Capital Group LLC lifted its position in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $32,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $57.89 on Friday. The firm has a market cap of $78.88 billion, a price-to-earnings ratio of 53.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The business has a 50-day simple moving average of $60.98 and a two-hundred day simple moving average of $80.51. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.49 and a fifty-two week high of $69.26.

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

Analyst Ratings Changes

Several analysts have commented on CMG shares. Wells Fargo & Company raised their price objective on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Stephens restated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Citigroup reduced their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. TD Cowen increased their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated 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 directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.02% of the company’s stock.

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.