Scott & Selber Inc. Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Scott & Selber Inc. lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,404 shares of the restaurant operator’s stock after selling 868 shares during the period. Scott & Selber Inc.’s holdings in Chipotle Mexican Grill were worth $2,135,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC boosted its holdings 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 buying an additional 475 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill in the third quarter worth about $33,000. Sound Income Strategies LLC boosted its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $37,000. Finally, Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several research analyst reports. Truist Financial upped their price objective 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. Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Citigroup lifted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

Chipotle Mexican Grill Trading Up 0.7 %

CMG stock opened at $54.34 on Tuesday. The company’s 50 day moving average is $57.23 and its 200 day moving average is $58.13. The stock has a market cap 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, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

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

Insider Buying and Selling 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.

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.