Artisan Partners Limited Partnership lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,799,733 shares of the restaurant operator's stock after selling 4,046,532 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.28% of Chipotle Mexican Grill worth $229,124,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after acquiring an additional 176 shares during the period. Traynor Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after acquiring an additional 181 shares during the last quarter. BTC Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. boosted its holdings in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 91.31% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Raymond James decreased their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Jefferies Financial Group raised their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Citigroup raised their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.
Check Out Our Latest Analysis on CMG
Chipotle Mexican Grill Trading Down 2.0 %
Shares of CMG stock traded down $1.02 during trading hours on Friday, reaching $49.91. 13,163,476 shares of the stock were exchanged, compared to its average volume of 13,272,012. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26. The firm has a market capitalization of $67.64 billion, a price-to-earnings ratio of 44.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company's 50-day moving average price is $53.81 and its 200-day moving average price is $57.56.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.
Chipotle Mexican Grill Company Profile
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Free Report)
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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