Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Trimmed by Meridian Wealth Management LLC

Meridian Wealth Management LLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.6% during the 4th quarter, HoldingsChannel reports. The fund owned 10,795 shares of the restaurant operator’s stock after selling 4,115 shares during the period. Meridian Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Transcendent Capital Group LLC grew its stake in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 475 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC grew its stake in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $37,000. Finally, Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other 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 value of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on CMG. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $70.00 in a research note on Monday. Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Barclays reduced their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Jefferies Financial Group upped their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.60.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $53.10 on Wednesday. The stock has a fifty day moving average price of $57.05 and a two-hundred day moving average price of $58.14. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The firm has a market capitalization of $71.96 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill 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.