Empower Advisory Group LLC Reduces Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Empower Advisory Group LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,676,720 shares of the restaurant operator's stock after selling 231,132 shares during the period. Empower Advisory Group LLC owned approximately 0.12% of Chipotle Mexican Grill worth $101,106,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC lifted its stake in 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 period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $33,000. Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $35,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Chipotle Mexican Grill by 1,110.0% in 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. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded down $0.77 during trading hours on Thursday, hitting $53.04. The company's stock had a trading volume of 10,234,962 shares, compared to its average volume of 10,748,335. The firm has a fifty day moving average of $58.91 and a 200-day moving average of $58.15. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The stock has a market cap of $71.88 billion, a price-to-earnings ratio of 47.77, a P/E/G ratio of 2.10 and a beta of 1.27.

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 (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%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMG shares. TD Cowen increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. BMO Capital Markets increased their price objective 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. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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 stock in a transaction dated 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 owns 185,792 shares of the company's stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is owned by corporate insiders.

About Chipotle Mexican Grill

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.