Kingswood Wealth Advisors LLC Sells 28,386 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kingswood Wealth Advisors LLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 86.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,449 shares of the restaurant operator’s stock after selling 28,386 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CMG. Alpha DNA Investment Management LLC boosted its holdings in Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares during the period. Lecap Asset Management Ltd. lifted its position in shares of Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after acquiring an additional 175 shares in the last quarter. Connable Office Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.6% in the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after acquiring an additional 178 shares during the period. Albion Financial Group UT grew its position in shares of Chipotle Mexican Grill by 14.4% in the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 180 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Oppenheimer upped their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI raised their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets upped their price objective on shares of 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. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.88.

Chipotle Mexican Grill Stock Down 1.1 %

Shares of CMG opened at $58.34 on Friday. The firm has a fifty day simple moving average of $60.50 and a two-hundred day simple moving average of $57.75. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The stock has a market capitalization of $79.49 billion, a P/E ratio of 54.30, a PEG ratio of 2.05 and a beta of 1.27.

Insider Transactions at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction 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 $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by company insiders.

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.