Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Marion Wealth Management

Marion Wealth Management decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 47.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,120 shares of the restaurant operator’s stock after selling 4,550 shares during the quarter. Marion Wealth Management’s holdings in Chipotle Mexican Grill were worth $309,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group grew its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares in the last quarter. ZRC Wealth Management LLC grew its stake in shares of 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 in the last quarter. Transcendent Capital Group LLC grew its stake in shares of 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 in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at about $32,000. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CMG. Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer boosted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Royal Bank of Canada increased their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Citigroup cut their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded down $0.26 during trading hours on Monday, hitting $56.24. 8,233,783 shares of the company were exchanged, compared to its average volume of 8,371,917. The company has a market cap of $76.63 billion, a PE ratio of 52.35, a PEG ratio of 2.64 and a beta of 1.27. The firm’s 50 day moving average is $60.94 and its 200-day moving average is $58.00. Chipotle Mexican Grill, Inc. has a 52 week low of $45.50 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by insiders.

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.