Tocqueville Asset Management L.P. Cuts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Tocqueville Asset Management L.P. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 531,346 shares of the restaurant operator’s stock after selling 7,659 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Chipotle Mexican Grill were worth $32,040,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMG. Geode Capital Management LLC lifted its stake in Chipotle Mexican Grill by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after purchasing an additional 381,873 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $692,701,000. Janus Henderson Group PLC grew its holdings in Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after buying an additional 518,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Chipotle Mexican Grill by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock worth $511,865,000 after acquiring an additional 288,266 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CMG shares. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Cfra upgraded shares of 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. Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $65.00 in a report on Friday. KeyCorp lowered their price target on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on 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. Eight 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.85.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $49.61 on Tuesday. The firm’s 50 day simple moving average is $55.25 and its 200-day simple moving average is $57.89. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The firm has a market cap of $67.24 billion, a PE ratio of 44.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.