Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,273 shares of the restaurant operator’s stock after selling 285 shares during the quarter. AdvisorNet Financial Inc’s holdings in Chipotle Mexican Grill were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group boosted its position in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares during the period. ZRC Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares in the last quarter. Transcendent Capital Group LLC boosted its holdings in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent research reports. TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Raymond James raised their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Citigroup reduced their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the 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 transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $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 is available at this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.6 %

Chipotle Mexican Grill stock opened at $57.36 on Thursday. The stock has a market capitalization of $78.16 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 2.64 and a beta of 1.27. The stock has a 50 day moving average of $60.94 and a two-hundred day moving average of $57.91. Chipotle Mexican Grill, Inc. has a twelve month low of $45.50 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

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.