Journey Strategic Wealth LLC Sells 330 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Journey Strategic Wealth LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 5,967 shares of the restaurant operator’s stock after selling 330 shares during the period. Journey Strategic Wealth LLC’s holdings in Chipotle Mexican Grill were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. SYM FINANCIAL Corp purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $1,170,000. DAVENPORT & Co LLC raised its stake in Chipotle Mexican Grill by 58.9% in the 4th quarter. DAVENPORT & Co LLC now owns 41,336 shares of the restaurant operator’s stock valued at $2,493,000 after acquiring an additional 15,319 shares during the period. Tritonpoint Wealth LLC raised its stake in Chipotle Mexican Grill by 3.2% in the 4th quarter. Tritonpoint Wealth LLC now owns 101,718 shares of the restaurant operator’s stock valued at $6,134,000 after acquiring an additional 3,198 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Chipotle Mexican Grill by 4.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,348 shares of the restaurant operator’s stock valued at $2,554,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Independence Bank of Kentucky increased its stake in shares of Chipotle Mexican Grill by 151.7% in the fourth quarter. Independence Bank of Kentucky now owns 4,065 shares of the restaurant operator’s stock worth $245,000 after purchasing an additional 2,450 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $58.34 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The business’s 50 day simple moving average is $60.50 and its two-hundred day simple moving average is $57.75. The stock has a market capitalization of $79.49 billion, a P/E ratio of 54.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27.

Analysts Set New Price Targets

CMG has been the topic of a number of recent research reports. Loop Capital upped their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Evercore ISI boosted their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler raised their target price on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

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.