Kingsview Wealth Management LLC Has $1.36 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kingsview Wealth Management LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,551 shares of the restaurant operator’s stock after selling 5,183 shares during the period. Kingsview Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SVB Wealth LLC boosted its holdings in Chipotle Mexican Grill by 3.7% in the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 5 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 2.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 633 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 13 shares during the period. Redwood Investment Management LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $762,000. Tidal Investments LLC lifted its holdings in shares of Chipotle Mexican Grill by 32.4% in the 1st quarter. Tidal Investments LLC now owns 1,634 shares of the restaurant operator’s stock worth $4,763,000 after purchasing an additional 400 shares in the last quarter. Finally, Semmax Financial Advisors Inc. grew its position in Chipotle Mexican Grill by 225.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 9 shares during the period. Institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $62.70 on Wednesday. The stock has a market cap of $85.43 billion, a P/E ratio of 58.36, a PEG ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a fifty-two week low of $43.66 and a fifty-two week high of $69.26. The firm’s fifty day moving average price is $58.62 and its 200-day moving average price is $81.14.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on CMG shares. BMO Capital Markets raised their price objective on shares of 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. Wedbush reiterated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen upped their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price target on shares of Chipotle Mexican Grill from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.27.

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.