Foundations Investment Advisors LLC Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Foundations Investment Advisors LLC reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.5% in the third quarter, Holdings Channel reports. The firm owned 7,087 shares of the restaurant operator’s stock after selling 494 shares during the period. Foundations Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Diversified Trust Co grew its position in Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after buying an additional 4 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of Chipotle Mexican Grill by 9.8% in the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 4 shares during the last quarter. Scott & Selber Inc. raised its stake in Chipotle Mexican Grill by 0.6% in the first quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock valued at $2,093,000 after purchasing an additional 4 shares in the last quarter. Quent Capital LLC lifted its position in Chipotle Mexican Grill by 2.0% during the first quarter. Quent Capital LLC now owns 206 shares of the restaurant operator’s stock valued at $599,000 after purchasing an additional 4 shares during the last quarter. Finally, First National Bank of Hutchinson grew its stake in Chipotle Mexican Grill by 1.1% in the 1st quarter. First National Bank of Hutchinson now owns 378 shares of the restaurant operator’s stock worth $1,099,000 after buying an additional 4 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CMG. Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Wedbush reiterated an “outperform” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, August 29th. TD Cowen reissued a “buy” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Finally, Barclays decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $63.03.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total transaction of $898,537.50. Following the sale, the insider now owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock valued at $2,817,127 in the last three months. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $59.44 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $35.97 and a one year high of $69.26. The company has a 50-day simple moving average of $56.63 and a two-hundred day simple moving average of $81.17. The firm has a market capitalization of $81.63 billion, a PE ratio of 63.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $12.65 earnings per share. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal year.

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.