WealthPlan Investment Management LLC Sells 14,754 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

WealthPlan Investment Management LLC reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 71.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,963 shares of the restaurant operator's stock after selling 14,754 shares during the period. WealthPlan Investment Management LLC's holdings in Chipotle Mexican Grill were worth $360,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CMG. Nations Financial Group Inc. IA ADV increased its position in Chipotle Mexican Grill by 5.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,680 shares of the restaurant operator's stock valued at $282,000 after buying an additional 247 shares in the last quarter. Center for Financial Planning Inc. increased its position in shares of Chipotle Mexican Grill by 22.2% during the fourth quarter. Center for Financial Planning Inc. now owns 6,327 shares of the restaurant operator's stock valued at $382,000 after acquiring an additional 1,149 shares during the last quarter. PUREfi Wealth LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $356,000. ABC Arbitrage SA bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $1,367,000. Finally, Adell Harriman & Carpenter Inc. lifted its holdings in Chipotle Mexican Grill by 157.4% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 10,450 shares of the restaurant operator's stock valued at $630,000 after purchasing an additional 6,390 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Citigroup raised their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Stephens reduced their price objective on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Raymond James lowered their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Finally, TD Cowen lifted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $66.31.

Insider Activity

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 of the company's stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Down 1.3 %

Shares of Chipotle Mexican Grill stock traded down $0.70 on Wednesday, reaching $53.80. The company's stock had a trading volume of 15,502,044 shares, compared to its average volume of 10,763,205. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The firm's fifty day simple moving average is $59.14 and its two-hundred day simple moving average is $58.18. The company has a market capitalization of $73.30 billion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 2.20 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate 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 predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.