Freestone Capital Holdings LLC Sells 222 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Freestone Capital Holdings LLC reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,513 shares of the restaurant operator’s stock after selling 222 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Chipotle Mexican Grill were worth $393,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CMG. Alpha DNA Investment Management LLC increased its stake in Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 168 shares in the last quarter. Connable Office Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after buying an additional 178 shares during the period. Traynor Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after acquiring an additional 181 shares in the last quarter. BTC Capital Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock worth $601,000 after acquiring an additional 184 shares during the period. Finally, Revolve Wealth Partners LLC raised its holdings in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Stephens lowered their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Evercore ISI boosted their target price 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. 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 note on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.60.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $50.22 on Friday. The company’s 50-day moving average is $56.47 and its 200-day moving average is $58.04. The firm has a market capitalization of $68.06 billion, a PE ratio of 45.23, a PEG ratio of 2.04 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.

Chipotle Mexican Grill (NYSE:CMG) last posted 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%. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.