Aviva PLC Sells 241,758 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Aviva PLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 824,731 shares of the restaurant operator’s stock after selling 241,758 shares during the period. Aviva PLC’s holdings in Chipotle Mexican Grill were worth $49,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its holdings in Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after buying an additional 176 shares during the period. Traynor Capital Management Inc. boosted its position 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 acquiring an additional 181 shares in the last quarter. BTC Capital Management Inc. increased its stake in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after acquiring an additional 184 shares during the period. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock worth $310,000 after purchasing an additional 218 shares during the period. 91.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent research reports. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Piper Sandler dropped their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their target price for the stock from $58.00 to $65.00 in a research report on Friday, March 14th. Finally, Barclays reduced their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $47.29 on Friday. The firm has a fifty day moving average of $53.16 and a two-hundred day moving average of $57.33. The stock has a market capitalization of $64.09 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52 week low of $46.78 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.