B. Riley Wealth Advisors Inc. Sells 13 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

B. Riley Wealth Advisors Inc. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 620 shares of the restaurant operator’s stock after selling 13 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $1,418,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp grew its position in shares of Chipotle Mexican Grill by 5.0% in the 3rd quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator’s stock valued at $518,780,000 after buying an additional 13,513 shares during the last quarter. Covestor Ltd grew its position in shares of Chipotle Mexican Grill by 9.2% in the 3rd quarter. Covestor Ltd now owns 95 shares of the restaurant operator’s stock valued at $174,000 after buying an additional 8 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in shares of Chipotle Mexican Grill by 24.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 298 shares of the restaurant operator’s stock valued at $546,000 after purchasing an additional 58 shares in the last quarter. Nicholas Company Inc. boosted its position in shares of Chipotle Mexican Grill by 2.9% during the 3rd quarter. Nicholas Company Inc. now owns 34,755 shares of the restaurant operator’s stock valued at $63,665,000 after purchasing an additional 965 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 1,043.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,847 shares of the restaurant operator’s stock valued at $19,870,000 after purchasing an additional 9,898 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity at Chipotle Mexican Grill

In related news, CEO Brian R. Niccol sold 6,406 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Brian R. Niccol sold 6,406 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total transaction of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Scott Boatwright sold 1,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $3,190.16, for a total value of $3,509,176.00. Following the sale, the chief operating officer now owns 2,412 shares in the company, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,015 shares of company stock valued at $35,023,769. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $3,427.61 on Thursday. Chipotle Mexican Grill, Inc. has a one year low of $1,768.64 and a one year high of $3,463.07. The business has a fifty day moving average price of $3,130.47 and a 200-day moving average price of $2,737.78. The firm has a market capitalization of $94.16 billion, a P/E ratio of 73.15, a PEG ratio of 2.68 and a beta of 1.25.

Chipotle Mexican Grill shares are going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.63 by $1.74. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CMG. BMO Capital Markets upped their target price on Chipotle Mexican Grill from $2,400.00 to $2,850.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on Chipotle Mexican Grill from $2,750.00 to $3,000.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. TD Cowen upped their price target on Chipotle Mexican Grill from $3,500.00 to $3,600.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Evercore ISI upped their price target on Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, Stephens upped their price target on Chipotle Mexican Grill from $3,010.00 to $3,050.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,201.19.

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.