Atria Wealth Solutions Inc. Sells 33,939 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 38.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,363 shares of the restaurant operator's stock after selling 33,939 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Chipotle Mexican Grill were worth $3,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMG. Transcendent Capital Group LLC boosted its stake 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 valued at $30,000 after buying an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $33,000. Global Trust Asset Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth $35,000. Finally, Sound Income Strategies LLC raised its stake 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 acquiring an additional 555 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded down $1.58 during midday trading on Friday, hitting $51.47. The company had a trading volume of 12,627,766 shares, compared to its average volume of 10,804,313. The business's 50 day simple moving average is $58.64 and its two-hundred day simple moving average is $58.11. The stock has a market cap of $69.76 billion, a PE ratio of 46.36, a P/E/G ratio of 2.07 and a beta of 1.27. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of a number of recent research reports. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group lifted their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, December 16th. Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Robert W. Baird lifted their target price on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a report 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 issued a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $66.31.

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.