Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.1% in the 4th quarter, HoldingsChannel reports. The firm owned 12,289 shares of the restaurant operator’s stock after selling 524 shares during the period. Forte Capital LLC ADV’s holdings in Chipotle Mexican Grill were worth $741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC increased its stake in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 475 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth about $33,000. Global Trust Asset Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth about $35,000. Sound Income Strategies LLC grew its holdings in shares of 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 purchasing an additional 555 shares during the period. Finally, Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $51.47 on Friday. The business’s fifty day moving average price is $58.64 and its 200 day moving average price is $58.11. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The stock has a market capitalization of $69.76 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results 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%. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CMG shares. Loop Capital upped their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays decreased their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Raymond James decreased their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.02% of the stock is currently owned by company insiders.

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.