Capital Advisors Ltd. LLC Decreases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Capital Advisors Ltd. LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,335 shares of the restaurant operator’s stock after selling 215 shares during the period. Capital Advisors Ltd. LLC’s holdings in Chipotle Mexican Grill were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brookstone Capital Management lifted its holdings in shares of Chipotle Mexican Grill by 22.9% in the first quarter. Brookstone Capital Management now owns 188 shares of the restaurant operator’s stock valued at $547,000 after purchasing an additional 35 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $279,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,566 shares of the restaurant operator’s stock valued at $7,459,000 after purchasing an additional 190 shares in the last quarter. Trilogy Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $360,000. Finally, LVW Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.2% in the first quarter. LVW Advisors LLC now owns 125 shares of the restaurant operator’s stock valued at $363,000 after purchasing an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMG shares. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. BMO Capital Markets cut their price objective on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird cut their price objective on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Finally, Truist Financial boosted their price objective on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $63.03.

Chipotle Mexican Grill Price Performance

CMG opened at $59.44 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.97 and a 52-week high of $69.26. The company has a 50 day moving average of $56.77 and a two-hundred day moving average of $81.49. The company has a market cap of $81.63 billion, a P/E ratio of 63.23, a P/E/G ratio of 2.41 and a beta of 1.25.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares in the company, valued at approximately $26,052,740.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock worth $2,817,127 over the last ninety days. 1.02% of the stock is owned by company insiders.

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.