Tidal Investments LLC Reduces Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Tidal Investments LLC trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 62.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,305 shares of the restaurant operator's stock after selling 58,411 shares during the quarter. Tidal Investments LLC's holdings in Chipotle Mexican Grill were worth $2,034,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CMG. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth about $470,000. Blue Trust Inc. boosted its position in shares of Chipotle Mexican Grill by 137.3% during the 2nd quarter. Blue Trust Inc. now owns 674 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 390 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Chipotle Mexican Grill by 6,049.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 320,997 shares of the restaurant operator's stock valued at $20,110,000 after acquiring an additional 315,777 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Chipotle Mexican Grill by 4,894.7% in the second quarter. Continuum Advisory LLC now owns 949 shares of the restaurant operator's stock valued at $59,000 after purchasing an additional 930 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Chipotle Mexican Grill by 4,782.4% in the second quarter. First Horizon Advisors Inc. now owns 9,716 shares of the restaurant operator's stock worth $609,000 after purchasing an additional 9,517 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by insiders.

Chipotle Mexican Grill Trading Down 0.8 %

Shares of Chipotle Mexican Grill stock traded down $0.51 during trading on Tuesday, hitting $64.29. 7,521,805 shares of the stock traded hands, compared to its average volume of 13,372,563. The stock's fifty day simple moving average is $60.36 and its 200 day simple moving average is $81.21. The firm has a market cap of $87.60 billion, a P/E ratio of 60.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.08 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $0.23 EPS. The company's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research report on Monday. Barclays increased their price target on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Oppenheimer reissued an "outperform" rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. BMO Capital Markets raised their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Finally, Wedbush reiterated an "outperform" rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.55.

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.