Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Summit Financial LLC

Summit Financial LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 79.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 251,958 shares of the restaurant operator’s stock after selling 949,463 shares during the quarter. Chipotle Mexican Grill comprises approximately 0.5% of Summit Financial LLC’s investment portfolio, making the stock its 29th biggest position. Summit Financial LLC’s holdings in Chipotle Mexican Grill were worth $15,193,000 at the end of the most recent reporting period.

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

Chipotle Mexican Grill Stock Down 2.0 %

CMG stock opened at $49.91 on Monday. The business has a 50 day moving average price of $53.81 and a 200 day moving average price of $57.57. The stock has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 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 (EPS) for the quarter, beating 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.

Analysts Set New Price Targets

CMG has been the topic of a number of recent analyst reports. Piper Sandler decreased 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 research report on Wednesday, February 5th. Jefferies Financial Group upped their price objective 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. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Citigroup lifted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.