Carderock Capital Management Inc. Sells 2,973 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Carderock Capital Management Inc. cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,930 shares of the restaurant operator’s stock after selling 2,973 shares during the period. Chipotle Mexican Grill makes up 2.0% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Carderock Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $7,955,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the last quarter. ZRC Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 384 shares in the last quarter. Transcendent Capital Group LLC lifted its holdings in Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Chipotle Mexican Grill during the third quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill during the third quarter valued at approximately $33,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.4 %

Shares of CMG opened at $57.52 on Friday. The stock has a market cap of $78.38 billion, a PE ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $46.01 and a 1 year high of $69.26. The stock has a 50 day simple moving average of $60.94 and a 200-day simple moving average of $57.91.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CMG shares. Loop Capital boosted their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Oppenheimer upped their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Evercore ISI lifted their price objective 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. Finally, TD Cowen increased their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 185,792 shares of the company’s stock, valued at $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 available at this hyperlink. 1.02% of the stock is currently 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.