Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Decreased by Marcum Wealth LLC

Marcum Wealth LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,695 shares of the restaurant operator’s stock after selling 305 shares during the quarter. Marcum Wealth LLC’s holdings in Chipotle Mexican Grill were worth $1,192,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Royal Fund Management LLC acquired a new position in Chipotle Mexican Grill during the third quarter worth $1,962,000. Howard Financial Services LTD. boosted its stake in shares of Chipotle Mexican Grill by 1.3% during the 3rd quarter. Howard Financial Services LTD. now owns 94,000 shares of the restaurant operator’s stock worth $5,416,000 after acquiring an additional 1,250 shares in the last quarter. Gratus Wealth Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 57.2% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 29,524 shares of the restaurant operator’s stock valued at $1,675,000 after acquiring an additional 10,744 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Chipotle Mexican Grill by 71.6% in the 3rd quarter. Brookstone Capital Management now owns 46,639 shares of the restaurant operator’s stock valued at $2,687,000 after acquiring an additional 19,464 shares in the last quarter. Finally, City Holding Co. lifted its holdings in Chipotle Mexican Grill by 12.7% in the 3rd quarter. City Holding Co. now owns 84,134 shares of the restaurant operator’s stock worth $4,847,000 after purchasing an additional 9,484 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen reiterated a “buy” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 12th. Barclays cut their target price on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Piper Sandler lowered their price target on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, Oppenheimer reissued an “outperform” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.44.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,684 shares of company stock worth $2,817,127. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $57.92 on Thursday. The firm has a market capitalization of $79.54 billion, a P/E ratio of 61.62, a P/E/G ratio of 2.43 and a beta of 1.25. The stock has a fifty day moving average price of $55.31 and a two-hundred day moving average price of $81.40. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $12.65 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current fiscal 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.