Vontobel Holding Ltd. Sells 14,574 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vontobel Holding Ltd. lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,775 shares of the restaurant operator’s stock after selling 14,574 shares during the quarter. Vontobel Holding Ltd.’s holdings in Chipotle Mexican Grill were worth $5,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMG. Transcendent Capital Group LLC grew its position 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 acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth $32,000. Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth $33,000. Global Trust Asset Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth $35,000. Finally, Sound Income Strategies LLC grew its position in 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 worth $36,000 after purchasing an additional 555 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.8 %

Shares of NYSE CMG opened at $57.06 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The company has a market cap of $77.74 billion, a PE ratio of 51.39, a P/E/G ratio of 2.14 and a beta of 1.27. The company has a 50-day moving average of $59.50 and a two-hundred day moving average of $58.07.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Citigroup lifted their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Stephens decreased their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred 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 directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.