Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,969 shares of the restaurant operator’s stock after selling 289 shares during the quarter. Strategy Asset Managers LLC’s holdings in Chipotle Mexican Grill were worth $1,084,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $371,000. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after purchasing an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $715,000. Finally, Vinva Investment Management Ltd lifted its stake in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock valued at $3,910,000 after buying an additional 21,864 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $49.91 on Friday. The business’s 50-day simple moving average is $53.81 and its 200 day simple moving average is $57.54. The company has a market cap of $67.64 billion, a P/E ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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%. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMG. Wedbush dropped their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Barclays decreased 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 note on Wednesday, February 5th. Citigroup boosted their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.