Entropy Technologies LP Sells 3,786 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Entropy Technologies LP lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,819 shares of the restaurant operator’s stock after selling 3,786 shares during the quarter. Entropy Technologies LP’s holdings in Chipotle Mexican Grill were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Transcendent Capital Group LLC grew its holdings in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $33,000. Global Trust Asset Management LLC bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $35,000. Finally, Sound Income Strategies LLC raised its stake in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMG. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Robert W. Baird lifted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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 report on Wednesday, October 30th. Barclays cut their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, BMO Capital Markets increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $56.22 on Wednesday. The stock has a market capitalization of $76.60 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.14 and a beta of 1.27. The company’s fifty day simple moving average is $60.03 and its two-hundred day simple moving average is $57.99. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’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 transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.

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.