Jessup Wealth Management Inc Decreases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jessup Wealth Management Inc lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,500 shares of the restaurant operator’s stock after selling 340 shares during the quarter. Chipotle Mexican Grill makes up approximately 1.0% of Jessup Wealth Management Inc’s portfolio, making the stock its 23rd biggest position. Jessup Wealth Management Inc’s holdings in Chipotle Mexican Grill were worth $2,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Global Retirement Partners LLC grew its position in Chipotle Mexican Grill by 14.6% during the 4th quarter. Global Retirement Partners LLC now owns 41,853 shares of the restaurant operator’s stock worth $2,524,000 after acquiring an additional 5,345 shares during the last quarter. Semus Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 3.2% in the fourth quarter. Semus Wealth Partners LLC now owns 9,492 shares of the restaurant operator’s stock worth $572,000 after purchasing an additional 290 shares during the last quarter. Wilkinson Global Asset Management LLC increased its stake in shares of Chipotle Mexican Grill by 27.8% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 578,602 shares of the restaurant operator’s stock worth $34,890,000 after buying an additional 125,815 shares during the period. Valley Wealth Managers Inc. raised its holdings in Chipotle Mexican Grill by 16.4% during the 4th quarter. Valley Wealth Managers Inc. now owns 23,576 shares of the restaurant operator’s stock valued at $1,422,000 after buying an additional 3,326 shares during the last quarter. Finally, Bfsg LLC boosted its position in Chipotle Mexican Grill by 9.4% during the 4th quarter. Bfsg LLC now owns 58,319 shares of the restaurant operator’s stock valued at $3,517,000 after buying an additional 4,996 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 1.3 %

Chipotle Mexican Grill stock opened at $53.80 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26. The stock has a fifty day simple moving average of $59.14 and a two-hundred day simple moving average of $58.18. The firm has a market cap of $73.30 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 2.20 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its 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 return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill 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. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital raised their price target 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. Finally, Evercore ISI boosted their price objective 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. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.31.

About Chipotle Mexican Grill

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.