Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Reduced by Good Life Advisors LLC

Good Life Advisors LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 33.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,536 shares of the restaurant operator's stock after selling 7,920 shares during the quarter. Good Life Advisors LLC's holdings in Chipotle Mexican Grill were worth $937,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC increased its stake in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new stake in Chipotle Mexican Grill during the third quarter worth about $33,000. Global Trust Asset Management LLC purchased a new stake in Chipotle Mexican Grill during the third quarter worth about $35,000. Finally, Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after buying an additional 555 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMG. Citigroup boosted their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada restated an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Barclays cut their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Loop Capital lifted their target price on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued 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 a consensus target price of $66.31.

Chipotle Mexican Grill Price Performance

CMG stock traded down $1.41 on Friday, hitting $51.65. 8,789,937 shares of the company were exchanged, compared to its average volume of 10,680,032. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The business's fifty day moving average is $58.64 and its two-hundred day moving average is $58.11. The stock has a market capitalization of $70.00 billion, a price-to-earnings ratio of 46.55, a price-to-earnings-growth ratio of 2.07 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly 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 through this hyperlink. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Company 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.