SeaCrest Wealth Management LLC Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

SeaCrest Wealth Management LLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 19,535 shares of the restaurant operator’s stock after selling 434 shares during the period. SeaCrest Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CMG. Oliver Lagore Vanvalin Investment Group boosted its position 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 worth $25,000 after purchasing an additional 392 shares during the last quarter. ZRC Wealth Management LLC boosted its position in Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares during the last quarter. Transcendent Capital Group LLC boosted its position in Chipotle Mexican Grill by 950.0% in the third 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 last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at $32,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other 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 transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.6 %

CMG opened at $57.36 on Thursday. The stock has a 50-day moving average price of $60.94 and a 200-day moving average price of $57.91. Chipotle Mexican Grill, Inc. has a 12-month low of $45.50 and a 12-month high of $69.26. The stock has a market capitalization of $78.16 billion, a P/E ratio of 53.39, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Robert W. Baird boosted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Wedbush reiterated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.