Nomura Asset Management Co. Ltd. Cuts Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nomura Asset Management Co. Ltd. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 752,677 shares of the restaurant operator’s stock after selling 36,216 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Chipotle Mexican Grill worth $45,386,000 as of its most recent SEC filing.

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

Chipotle Mexican Grill Price Performance

CMG opened at $49.91 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a 50-day moving average price of $53.81 and a 200-day moving average price of $57.54. The firm has a market cap of $67.64 billion, a PE ratio of 44.95, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results 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 net margin of 13.56% and a return on equity of 42.92%. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CMG shares. Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. KeyCorp reduced their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

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.