Passumpsic Savings Bank Sells 917 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Passumpsic Savings Bank decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 43,834 shares of the restaurant operator’s stock after selling 917 shares during the period. Chipotle Mexican Grill comprises 1.6% of Passumpsic Savings Bank’s portfolio, making the stock its 28th biggest position. Passumpsic Savings Bank’s holdings in Chipotle Mexican Grill were worth $2,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Outfitter Financial LLC increased its holdings in shares of Chipotle Mexican Grill by 40.5% during the 4th quarter. Outfitter Financial LLC now owns 9,975 shares of the restaurant operator’s stock worth $601,000 after acquiring an additional 2,875 shares during the last quarter. Bradley Foster & Sargent Inc. CT acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $201,000. Paradigm Asset Management Co. LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $139,000. Compass Capital Corp MA ADV acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $371,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $101,000. Institutional investors own 91.31% of the company’s stock.

Insider Activity

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 directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is owned by company insiders.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $51.47 on Friday. The firm has a market cap of $69.76 billion, a PE ratio of 46.36, a PEG ratio of 2.07 and a beta of 1.27. The stock’s fifty day moving average price is $58.64 and its two-hundred day moving average price is $58.11. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Stephens dropped their target price on 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. Evercore ISI increased their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten research 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 company. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $66.31.

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.