Emerald Advisers LLC Sells 215 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Emerald Advisers LLC cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,858 shares of the restaurant operator’s stock after selling 215 shares during the quarter. Emerald Advisers LLC’s holdings in Chipotle Mexican Grill were worth $1,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Community Bank N.A. increased its holdings in shares of Chipotle Mexican Grill by 31.2% during the fourth quarter. Community Bank N.A. now owns 9,945 shares of the restaurant operator’s stock valued at $600,000 after acquiring an additional 2,365 shares in the last quarter. Meridian Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $4,264,000. LPL Financial LLC increased its holdings in shares of Chipotle Mexican Grill by 11.7% during the fourth quarter. LPL Financial LLC now owns 1,223,422 shares of the restaurant operator’s stock valued at $73,772,000 after acquiring an additional 127,850 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $27,973,000. Finally, American Century Companies Inc. increased its holdings in shares of Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after acquiring an additional 166,767 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CMG. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Trading Down 1.0 %

Shares of CMG opened at $48.52 on Monday. The business’s 50 day moving average is $54.53 and its 200 day moving average is $57.72. The company has a market capitalization of $65.76 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.