Wedmont Private Capital Sells 2,012 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wedmont Private Capital lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,935 shares of the restaurant operator’s stock after selling 2,012 shares during the period. Wedmont Private Capital’s holdings in Chipotle Mexican Grill were worth $1,578,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMG. Oliver Lagore Vanvalin Investment Group increased its position in shares of 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 valued at $25,000 after acquiring an additional 392 shares during the period. ZRC Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares in the last quarter. Transcendent Capital Group LLC lifted its stake 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 acquiring an additional 475 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at $32,000. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stephens reaffirmed an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Loop Capital lifted their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, Raymond James raised their price objective on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s 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 sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $56.24 on Tuesday. Chipotle Mexican Grill, Inc. has a 1-year low of $45.50 and a 1-year high of $69.26. The stock has a market capitalization of $76.63 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 2.64 and a beta of 1.27. The business’s fifty day moving average price is $60.94 and its 200-day moving average price is $57.96.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS 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.