Brookstone Capital Management Decreases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Brookstone Capital Management trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,279 shares of the restaurant operator's stock after selling 11,360 shares during the period. Brookstone Capital Management's holdings in Chipotle Mexican Grill were worth $2,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator's stock valued at $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock worth $805,692,000 after acquiring an additional 381,873 shares in the last quarter. Legal & General Group Plc increased its position in shares of Chipotle Mexican Grill by 5,209.5% during the second quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator's stock worth $685,128,000 after acquiring an additional 10,729,706 shares during the period. Janus Henderson Group PLC increased its position in shares of Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator's stock worth $566,439,000 after acquiring an additional 518,521 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Chipotle Mexican Grill by 11.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator's stock valued at $476,593,000 after acquiring an additional 858,704 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. TD Cowen boosted their price target on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Stephens restated an "equal weight" rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.81.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded up $0.99 during trading on Thursday, reaching $58.36. The company's stock had a trading volume of 9,374,797 shares, compared to its average volume of 8,459,216. The business's fifty day moving average price is $60.93 and its 200-day moving average price is $57.91. Chipotle Mexican Grill, Inc. has a twelve month low of $45.62 and a twelve month high of $69.26. The firm has a market cap of $79.51 billion, a price-to-earnings ratio of 54.31, a P/E/G ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

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.