Cable Hill Partners LLC Trims Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cable Hill Partners LLC decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.5% in the fourth quarter, HoldingsChannel reports. The firm owned 9,864 shares of the restaurant operator’s stock after selling 1,161 shares during the quarter. Cable Hill Partners LLC’s holdings in Chipotle Mexican Grill were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC lifted its stake in Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth $33,000. Sound Income Strategies LLC raised 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 last quarter. Truvestments Capital LLC acquired a new position in Chipotle Mexican Grill during the third quarter valued at $37,000. Finally, Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $53.43 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The stock’s fifty day moving average is $57.71 and its two-hundred day moving average is $58.09. The firm has a market capitalization of $72.41 billion, a P/E ratio of 48.12, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results 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%. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. BMO Capital Markets upped their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill 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.