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

Journey Strategic Wealth LLC reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,967 shares of the restaurant operator’s stock after selling 330 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Chipotle Mexican Grill were worth $360,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $37,000. Clearbridge Investments LLC increased its stake in shares of Chipotle Mexican Grill by 4,790.4% in the second quarter. Clearbridge Investments LLC now owns 167,350 shares of the restaurant operator’s stock valued at $10,484,000 after buying an additional 163,928 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the second quarter worth about $186,000. Czech National Bank lifted its stake in shares of Chipotle Mexican Grill by 6.6% in the third quarter. Czech National Bank now owns 278,976 shares of the restaurant operator’s stock worth $16,075,000 after acquiring an additional 17,276 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Chipotle Mexican Grill by 41.0% in the third quarter. GAMMA Investing LLC now owns 23,687 shares of the restaurant operator’s stock valued at $1,365,000 after acquiring an additional 6,887 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.1 %

Shares of NYSE:CMG opened at $58.34 on Monday. The stock has a market cap of $79.49 billion, a PE ratio of 54.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The stock’s fifty day simple moving average is $60.50 and its two-hundred day simple moving average is $57.75. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMG. Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Loop Capital boosted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Oppenheimer increased 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Citigroup decreased their target price on Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.