Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Cut by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,699 shares of the restaurant operator’s stock after selling 5,624 shares during the period. Teamwork Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $947,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the last quarter. ZRC Wealth Management LLC boosted its position 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 purchasing an additional 384 shares during the period. Transcendent Capital Group LLC increased its stake 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 in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several recent analyst reports. Piper Sandler upped their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Stephens restated an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Raymond James upped their price objective on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Down 0.5 %

NYSE:CMG opened at $55.93 on Thursday. The firm has a market cap of $76.21 billion, a PE ratio of 52.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.27. The company’s 50-day moving average price is $60.72 and its two-hundred day moving average price is $57.74. Chipotle Mexican Grill, Inc. has a 12 month low of $46.01 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the company earned $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS 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.