Valeo Financial Advisors LLC Sells 5,000 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Valeo Financial Advisors LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,708 shares of the restaurant operator's stock after selling 5,000 shares during the period. Valeo Financial Advisors LLC's holdings in Chipotle Mexican Grill were worth $947,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in Chipotle Mexican Grill by 1,087.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,712,724 shares of the restaurant operator's stock worth $271,547,000 after purchasing an additional 4,315,983 shares during the last quarter. Congress Asset Management Co. bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $109,396,000. Thrivent Financial for Lutherans grew its position in Chipotle Mexican Grill by 674.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator's stock worth $122,314,000 after buying an additional 1,848,625 shares in the last quarter. Raymond James & Associates increased its stake in Chipotle Mexican Grill by 94.3% during the third quarter. Raymond James & Associates now owns 2,969,776 shares of the restaurant operator's stock valued at $171,118,000 after acquiring an additional 1,441,172 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Chipotle Mexican Grill by 5,188.9% during the third quarter. International Assets Investment Management LLC now owns 1,421,140 shares of the restaurant operator's stock valued at $818,860,000 after acquiring an additional 1,394,270 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $0.77 on Thursday, reaching $53.04. 10,234,962 shares of the stock were exchanged, compared to its average volume of 10,748,335. 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 cap of $71.88 billion, a PE ratio of 47.77, a P/E/G ratio of 2.10 and a beta of 1.27. The stock has a 50 day moving average price of $58.91 and a 200 day moving average price of $58.15.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company's stock in a transaction 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 owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. KeyCorp decreased their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Stephens decreased 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. Barclays lowered their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Raymond James reduced their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Finally, Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a "buy" rating on the stock 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.31.

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.