Focus Financial Network Inc. Sells 225 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Focus Financial Network Inc. reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,180 shares of the restaurant operator’s stock after selling 225 shares during the period. Focus Financial Network Inc.’s holdings in Chipotle Mexican Grill were worth $312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMG. Sanctuary Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $186,000. Ritholtz Wealth Management increased its position in shares of Chipotle Mexican Grill by 15.1% during the third quarter. Ritholtz Wealth Management now owns 6,958 shares of the restaurant operator’s stock valued at $401,000 after buying an additional 914 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Chipotle Mexican Grill by 415.5% during the third quarter. Exchange Traded Concepts LLC now owns 19,331 shares of the restaurant operator’s stock valued at $1,114,000 after buying an additional 15,581 shares during the period. CX Institutional increased its position in shares of Chipotle Mexican Grill by 3.9% during the third quarter. CX Institutional now owns 6,921 shares of the restaurant operator’s stock valued at $399,000 after buying an additional 257 shares during the period. Finally, Creative Planning increased its position in shares of Chipotle Mexican Grill by 82.9% during the third quarter. Creative Planning now owns 444,354 shares of the restaurant operator’s stock valued at $25,604,000 after buying an additional 201,397 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $58.16 on Friday. The firm has a market cap of $79.25 billion, a PE ratio of 52.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The business has a 50 day moving average price of $59.81 and a 200-day moving average price of $58.03.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data 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%. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Raymond James decreased their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird upped their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. TD Cowen upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Ten research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Insider Buying and Selling

In related 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 owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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.