First Horizon Advisors Inc. Sells 2,205 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Horizon Advisors Inc. cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,746 shares of the restaurant operator’s stock after selling 2,205 shares during the quarter. First Horizon Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $467,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC increased its holdings in shares of Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $33,000. Sound Income Strategies LLC increased its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the period. Truvestments Capital LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $37,000. Finally, Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.7 %

Shares of Chipotle Mexican Grill stock opened at $51.15 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The stock has a market cap of $69.32 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 2.04 and a beta of 1.27. The company’s fifty day moving average is $58.11 and its 200 day moving average is $58.14.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CMG shares. Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird boosted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on 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 owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by insiders.

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.