Commonwealth Equity Services LLC reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,270 shares of the restaurant operator’s stock after selling 327 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Chipotle Mexican Grill were worth $1,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bruderman Asset Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $39,000. Huntington National Bank raised its holdings in shares of Chipotle Mexican Grill by 19.9% in the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 28 shares in the last quarter. Clean Yield Group bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $86,000. We Are One Seven LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $96,000. Finally, Korea Investment CORP raised its holdings in shares of Chipotle Mexican Grill by 45.4% in the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock worth $178,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.

In related news, CFO Jack Hartung sold 7,150 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $606.77, for a total transaction of $4,338,405.50. Following the transaction, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at $27,448,454.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pershing Square Capital Manage sold 11,980 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $602.45, for a total transaction of $7,217,351.00. The disclosure for this sale can be found here. Insiders have sold 44,037 shares of company stock worth $26,516,662 over the last ninety days. 2.19% of the stock is currently owned by insiders.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, February 4th. BMO Capital Markets boosted their target price on shares of Chipotle Mexican Grill from $420.00 to $540.00 and gave the stock a “market perform” rating in a report on Thursday, February 7th. BTIG Research boosted their target price on shares of Chipotle Mexican Grill from $620.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday. Loop Capital boosted their target price on shares of Chipotle Mexican Grill to $630.00 and gave the stock a “positive” rating in a report on Thursday, February 7th. Finally, KeyCorp boosted their price target on shares of Chipotle Mexican Grill from $525.00 to $625.00 and gave the company an “overweight” rating in a report on Thursday, February 7th. Nine equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill has a consensus rating of “Hold” and an average price target of $515.14.

Shares of CMG opened at $639.00 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $307.70 and a 52 week high of $646.54. The company has a market cap of $17.77 billion, a P/E ratio of 70.53, a P/E/G ratio of 2.92 and a beta of 0.65.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 12.24 EPS for the current fiscal year.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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