Resolute Wealth Strategies LLC Sells 9,900 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Resolute Wealth Strategies LLC reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,350 shares of the restaurant operator’s stock after selling 9,900 shares during the period. Resolute Wealth Strategies LLC’s holdings in Chipotle Mexican Grill were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its stake in Chipotle Mexican Grill by 12.9% in the 3rd quarter. US Bancorp DE now owns 115,987 shares of the restaurant operator’s stock worth $6,683,000 after buying an additional 13,237 shares during the period. Stephens Inc. AR bought a new position in Chipotle Mexican Grill in the 3rd quarter worth about $341,000. Focus Financial Network Inc. increased its position in shares of Chipotle Mexican Grill by 9.3% during the third quarter. Focus Financial Network Inc. now owns 5,405 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 462 shares during the period. Farther Finance Advisors LLC increased its position in shares of Chipotle Mexican Grill by 4.2% during the third quarter. Farther Finance Advisors LLC now owns 13,561 shares of the restaurant operator’s stock worth $781,000 after acquiring an additional 545 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Chipotle Mexican Grill by 6.8% during the third quarter. Chicago Partners Investment Group LLC now owns 12,218 shares of the restaurant operator’s stock valued at $721,000 after acquiring an additional 775 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays lowered their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.60.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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 transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $54.34 on Tuesday. The business has a fifty day moving average of $57.23 and a 200 day moving average of $58.13. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm has a market capitalization of $73.65 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.