Burney Co. Has $830,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Burney Co. decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 73.6% in the fourth quarter, HoldingsChannel reports. The firm owned 13,758 shares of the restaurant operator’s stock after selling 38,311 shares during the period. Burney Co.’s holdings in Chipotle Mexican Grill were worth $830,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Avity Investment Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $28,600,000. Clarus Wealth Advisors raised its holdings in shares of Chipotle Mexican Grill by 17.8% during the fourth quarter. Clarus Wealth Advisors now owns 13,428 shares of the restaurant operator’s stock valued at $755,000 after acquiring an additional 2,032 shares during the period. Park Avenue Securities LLC lifted its position in shares of Chipotle Mexican Grill by 16.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,472 shares of the restaurant operator’s stock valued at $1,958,000 after acquiring an additional 4,497 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $1,182,000. Finally, Fifth Third Wealth Advisors LLC grew its position in Chipotle Mexican Grill by 3.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 55,038 shares of the restaurant operator’s stock worth $3,319,000 after purchasing an additional 1,813 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Royal Bank of Canada lifted their target price on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Up 1.7 %

Shares of Chipotle Mexican Grill stock opened at $58.36 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $45.62 and a 12-month high of $69.26. The stock has a 50 day moving average price of $60.93 and a two-hundred day moving average price of $57.91. The stock has a market capitalization of $79.51 billion, a P/E ratio of 54.31, a PEG ratio of 1.91 and a beta of 1.27.

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