Montag A & Associates Inc. Sells 7,940 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Montag A & Associates Inc. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 62.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,860 shares of the restaurant operator's stock after selling 7,940 shares during the period. Montag A & Associates Inc.'s holdings in Chipotle Mexican Grill were worth $293,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Congress Asset Management Co. lifted its stake in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Congress Asset Management Co. now owns 1,925,608 shares of the restaurant operator's stock valued at $116,114,000 after buying an additional 27,033 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Chipotle Mexican Grill by 5.6% during 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. lifted its stake in shares of Chipotle Mexican Grill by 22.2% during the 4th quarter. Center for Financial Planning Inc. now owns 6,327 shares of the restaurant operator's stock valued at $382,000 after buying an additional 1,149 shares in the last quarter. PUREfi Wealth LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $356,000. Finally, ABC Arbitrage SA purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $1,367,000. 91.31% of the stock is owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction dated 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 directly owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Stephens dropped their price target on shares of 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. KeyCorp lowered their target price 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. Oppenheimer increased their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their target price for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $66.31.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $1.58 on Friday, hitting $51.47. 12,627,766 shares of the company's stock traded hands, compared to its average volume of 10,804,313. The stock has a market capitalization of $69.76 billion, a price-to-earnings ratio of 46.36, a P/E/G ratio of 2.07 and a beta of 1.27. The company's fifty day simple moving average is $58.64 and its 200 day simple moving average is $58.11. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results 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 net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.