Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Lessened by Aquatic Capital Management LLC

Aquatic Capital Management LLC reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 87.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 91,376 shares of the restaurant operator's stock after selling 645,424 shares during the quarter. Aquatic Capital Management LLC's holdings in Chipotle Mexican Grill were worth $5,510,000 as of its most recent filing with the SEC.

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

Chipotle Mexican Grill Stock Down 0.5 %

Shares of CMG traded down $0.25 during mid-day trading on Tuesday, reaching $50.65. The company's stock had a trading volume of 12,110,282 shares, compared to its average volume of 13,487,074. The business has a fifty day moving average of $50.01 and a 200 day moving average of $56.17. The company has a market cap of $68.65 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company earned $13.37 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CMG shares. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and lifted their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Barclays cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $61.74.

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.