Cyndeo Wealth Partners LLC Decreases Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cyndeo Wealth Partners LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,624 shares of the restaurant operator’s stock after selling 4,653 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Public Sector Pension Investment Board grew its stake in shares of Chipotle Mexican Grill by 8,266.2% during the second quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock worth $3,192,000 after acquiring an additional 50,341 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Chipotle Mexican Grill by 5,714.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after purchasing an additional 4,914 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $106,000. Caxton Associates LP acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at approximately $479,000. Finally, APG Asset Management N.V. raised its holdings in shares of Chipotle Mexican Grill by 10,215.0% in the second quarter. APG Asset Management N.V. now owns 346,997 shares of the restaurant operator’s stock worth $20,284,000 after buying an additional 343,633 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 1.6 %

CMG opened at $56.61 on Friday. The company has a market cap of $77.14 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 1.88 and a beta of 1.27. The firm’s fifty day simple moving average is $60.64 and its two-hundred day simple moving average is $57.72. Chipotle Mexican Grill, Inc. has a 52-week low of $46.15 and a 52-week high of $69.26.

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

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMG. Jefferies Financial Group boosted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Evercore ISI boosted their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Loop Capital raised their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Stephens reiterated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Finally, Oppenheimer raised their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

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.