Souders Financial Advisors Sells 4,470 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Souders Financial Advisors lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,541 shares of the restaurant operator’s stock after selling 4,470 shares during the period. Souders Financial Advisors’ holdings in Chipotle Mexican Grill were worth $1,178,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stephens Inc. AR purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $341,000. Farther Finance Advisors LLC increased its holdings in Chipotle Mexican Grill by 4.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,561 shares of the restaurant operator’s stock worth $781,000 after acquiring an additional 545 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Chipotle Mexican Grill by 4.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 425,743 shares of the restaurant operator’s stock valued at $24,531,000 after purchasing an additional 17,268 shares during the period. Confluence Wealth Services Inc. lifted its position in shares of Chipotle Mexican Grill by 21.7% in the third quarter. Confluence Wealth Services Inc. now owns 5,173 shares of the restaurant operator’s stock valued at $298,000 after acquiring an additional 923 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Chipotle Mexican Grill by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 348,430 shares of the restaurant operator’s stock valued at $20,564,000 after buying an additional 34,081 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $53.10 on Wednesday. The company has a market cap of $71.96 billion, a P/E ratio of 47.82, a PEG ratio of 2.04 and a beta of 1.27. The firm has a fifty day moving average of $57.05 and a two-hundred day moving average of $58.14. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CMG shares. Citigroup boosted their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $65.00 to $70.00 in a research note on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Evercore ISI increased their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

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.