Resolute Wealth Strategies LLC Sells 9,900 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Resolute Wealth Strategies LLC trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,350 shares of the restaurant operator's stock after selling 9,900 shares during the period. Resolute Wealth Strategies LLC's holdings in Chipotle Mexican Grill were worth $564,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock worth $786,000 after acquiring an additional 168 shares in the last quarter. Connable Office Inc. increased its position in shares of Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock valued at $1,840,000 after acquiring an additional 178 shares during the last quarter. Traynor Capital Management Inc. boosted its position in Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after purchasing an additional 181 shares during the last quarter. BTC Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares during the last quarter. Finally, Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMG has been the topic of several recent analyst reports. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.60.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Down 0.7 %

Shares of CMG traded down $0.39 during midday trading on Thursday, hitting $53.22. The company's stock had a trading volume of 1,881,387 shares, compared to its average volume of 11,093,576. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The stock has a market capitalization of $72.12 billion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company's fifty day simple moving average is $56.88 and its two-hundred day simple moving average is $58.10.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.