Rakuten Securities Inc. Sells 1,554 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Rakuten Securities Inc. lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 50.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,510 shares of the restaurant operator’s stock after selling 1,554 shares during the period. Rakuten Securities Inc.’s holdings in Chipotle Mexican Grill were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $371,000. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC increased its position in shares of Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after acquiring an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $715,000. Finally, Hantz Financial Services Inc. increased its position in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after acquiring an additional 48,126 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Raymond James dropped their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.60.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $50.07 on Thursday. The company has a market capitalization of $67.85 billion, a P/E ratio of 45.10, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a fifty day moving average of $55.85 and a 200 day moving average of $58.01. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week 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 for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.