Diversified Trust Co Reduces Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Diversified Trust Co trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 55.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,978 shares of the restaurant operator's stock after selling 12,372 shares during the quarter. Diversified Trust Co's holdings in Chipotle Mexican Grill were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Shellback Capital LP grew its position in Chipotle Mexican Grill by 4,900.0% in the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator's stock worth $7,831,000 after acquiring an additional 122,500 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator's stock worth $2,820,000 after purchasing an additional 48,126 shares in the last quarter. L & S Advisors Inc bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $3,256,000. Optas LLC increased its position in shares of Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator's stock valued at $989,000 after purchasing an additional 13,060 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $758,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CMG shares. Barclays increased their price target on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday. Wells Fargo & Company increased 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. BMO Capital Markets boosted their price target 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. Stephens reaffirmed an "equal weight" rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Robert W. Baird boosted their target price 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. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average target price of $66.81.

Chipotle Mexican Grill Stock Down 2.4 %

Shares of CMG stock traded down $1.38 during trading hours on Friday, hitting $56.54. 10,559,748 shares of the company's stock traded hands, compared to its average volume of 8,356,648. The stock's fifty day simple moving average is $60.94 and its two-hundred day simple moving average is $58.05. Chipotle Mexican Grill, Inc. has a 12-month low of $44.53 and a 12-month high of $69.26. The stock has a market cap of $77.04 billion, a price-to-earnings ratio of 52.62, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) 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. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the company earned $0.23 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by 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.