Wolff Wiese Magana LLC Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wolff Wiese Magana LLC lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,721 shares of the restaurant operator’s stock after selling 206 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Chipotle Mexican Grill were worth $646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Avity Investment Management Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $28,600,000. Clarus Wealth Advisors lifted its holdings in shares of Chipotle Mexican Grill by 17.8% in the fourth quarter. Clarus Wealth Advisors now owns 13,428 shares of the restaurant operator’s stock worth $755,000 after buying an additional 2,032 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Chipotle Mexican Grill by 16.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,472 shares of the restaurant operator’s stock worth $1,958,000 after acquiring an additional 4,497 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $1,182,000. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 3.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 55,038 shares of the restaurant operator’s stock worth $3,319,000 after acquiring an additional 1,813 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $57.28 on Wednesday. The company has a market cap of $78.05 billion, a P/E ratio of 53.31, a PEG ratio of 2.64 and a beta of 1.27. The stock’s 50-day moving average is $60.94 and its 200 day moving average is $57.91. Chipotle Mexican Grill, Inc. has a 1-year low of $45.50 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.23 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Buying and Selling

In other Chipotle Mexican Grill 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 completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CMG shares. Jefferies Financial Group increased their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Barclays lifted their target price on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Robert W. Baird raised their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.81.

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.