Good Life Advisors LLC Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Good Life Advisors LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 33.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,536 shares of the restaurant operator’s stock after selling 7,920 shares during the period. Good Life Advisors LLC’s holdings in Chipotle Mexican Grill were worth $937,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC increased its position in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Chipotle Mexican Grill in the third quarter worth about $32,000. Capital Performance Advisors LLP bought a new stake in Chipotle Mexican Grill in the third quarter valued at about $33,000. Global Trust Asset Management LLC acquired a new stake in Chipotle Mexican Grill during the third quarter valued at approximately $35,000. Finally, Sound Income Strategies LLC lifted its holdings in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

CMG stock opened at $53.80 on Thursday. The firm has a market cap of $73.30 billion, a PE ratio of 48.46, a P/E/G ratio of 2.20 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The firm has a 50 day simple moving average of $59.14 and a 200 day simple moving average of $58.18.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Jefferies Financial Group raised their target price 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. Finally, Citigroup upped their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Ten 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill 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.