Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Smith Moore & CO.

Smith Moore & CO. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 6,253 shares of the restaurant operator’s stock after selling 250 shares during the period. Smith Moore & CO.’s holdings in Chipotle Mexican Grill were worth $377,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $38,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CMG shares. Piper Sandler lowered their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Finally, Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Chipotle Mexican Grill Trading Down 5.6 %

Shares of CMG opened at $47.29 on Friday. The company’s 50 day simple moving average is $53.16 and its 200-day simple moving average is $57.33. Chipotle Mexican Grill, Inc. has a 12-month low of $46.78 and a 12-month high of $69.26. The firm has a market cap of $64.09 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 net margin of 13.56% and a return on equity of 42.92%. As a group, equities 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.