Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,742 shares of the restaurant operator’s stock after selling 1,714 shares during the quarter. Strategic Blueprint LLC’s holdings in Chipotle Mexican Grill were worth $3,602,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CMG. Hantz Financial Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 3.3% during the fourth quarter. Hantz Financial Services Inc. now owns 50,569 shares of the restaurant operator’s stock valued at $3,049,000 after acquiring an additional 1,627 shares during the period. Montrusco Bolton Investments Inc. increased its holdings in shares of Chipotle Mexican Grill by 23.1% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 89,470 shares of the restaurant operator’s stock worth $5,395,000 after acquiring an additional 16,806 shares during the period. Nvest Financial LLC lifted its position in Chipotle Mexican Grill by 26.8% in the 4th quarter. Nvest Financial LLC now owns 23,418 shares of the restaurant operator’s stock valued at $1,412,000 after purchasing an additional 4,955 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in Chipotle Mexican Grill by 6.1% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 122,353 shares of the restaurant operator’s stock valued at $7,038,000 after purchasing an additional 6,996 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Chipotle Mexican Grill by 6.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,519,383 shares of the restaurant operator’s stock worth $91,619,000 after purchasing an additional 89,688 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $58.21 on Wednesday. The stock has a market cap of $79.31 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.88 and a one year high of $69.26. The company has a 50-day moving average of $60.61 and a two-hundred day moving average of $57.72.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by insiders.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wedbush restated an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, January 22nd. Finally, TD Cowen increased their target price 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. Ten 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, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

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.