Adage Capital Partners GP L.L.C. Sells 59,600 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Adage Capital Partners GP L.L.C. decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,661,250 shares of the restaurant operator's stock after selling 59,600 shares during the period. Adage Capital Partners GP L.L.C. owned 0.12% of Chipotle Mexican Grill worth $100,173,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMG. Golden State Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $371,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $315,220,000. U.S. Capital Wealth Advisors LLC increased its holdings in Chipotle Mexican Grill by 155.1% in the 4th 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 during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth $715,000. Finally, Vinva Investment Management Ltd boosted its holdings in shares of Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after purchasing an additional 21,864 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday. Barclays lowered their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday. Royal Bank of Canada reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average price target of $63.99.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $48.78 on Thursday. The firm's 50 day simple moving average is $50.31 and its 200-day simple moving average is $56.38. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The firm has a market cap of $66.11 billion, a PE ratio of 43.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill 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.

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