Hudson Valley Investment Advisors Inc. ADV Sells 3,930 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hudson Valley Investment Advisors Inc. ADV lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 151,597 shares of the restaurant operator’s stock after selling 3,930 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Chipotle Mexican Grill were worth $9,141,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. NINE MASTS CAPITAL Ltd acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at $470,000. Acadian Asset Management LLC grew its stake in Chipotle Mexican Grill by 12,221.1% in the 2nd quarter. Acadian Asset Management LLC now owns 60,250 shares of the restaurant operator’s stock valued at $3,773,000 after buying an additional 59,761 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $123,000. Andra AP fonden lifted its position in Chipotle Mexican Grill by 316.7% during the second quarter. Andra AP fonden now owns 10,000 shares of the restaurant operator’s stock worth $626,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 4,540.6% during the second quarter. Coldstream Capital Management Inc. now owns 25,384 shares of the restaurant operator’s stock worth $1,590,000 after acquiring an additional 24,837 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CMG shares. Wells Fargo & Company increased their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Loop Capital lifted their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Citigroup reduced their target price 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. Raymond James raised their price target on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following 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 document filed with the SEC, which is available through the SEC website. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $57.89 on Friday. The company’s 50 day moving average price is $60.98 and its two-hundred day moving average price is $80.51. The firm has a market capitalization of $78.88 billion, a P/E ratio of 53.88, a P/E/G ratio of 2.64 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.49 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, analysts expect 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.