Brighton Jones LLC Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brighton Jones LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,092 shares of the restaurant operator’s stock after selling 394 shares during the period. Brighton Jones LLC’s holdings in Chipotle Mexican Grill were worth $669,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in shares of Chipotle Mexican Grill by 5,897.8% in the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares during the period. L & S Advisors Inc acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $3,256,000. Optas LLC boosted its position in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock valued at $989,000 after buying an additional 13,060 shares during the period. Savvy Advisors Inc. acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth $758,000. Finally, Pathway Financial Advisers LLC increased its position in shares of Chipotle Mexican Grill by 5,662.0% during the third quarter. Pathway Financial Advisers LLC now owns 8,643 shares of the restaurant operator’s stock worth $498,000 after acquiring an additional 8,493 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.6 %

Chipotle Mexican Grill stock opened at $56.61 on Friday. The stock has a 50 day moving average of $60.64 and a two-hundred day moving average of $57.72. Chipotle Mexican Grill, Inc. has a twelve month low of $46.15 and a twelve month high of $69.26. The stock has a market capitalization of $77.14 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Barclays lifted their price objective on Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Truist Financial upped their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Wedbush reissued an “outperform” rating and issued a $69.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.