Belpointe Asset Management LLC Sells 8,177 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Belpointe Asset Management LLC trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 64.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,421 shares of the restaurant operator's stock after selling 8,177 shares during the period. Belpointe Asset Management LLC's holdings in Chipotle Mexican Grill were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC grew its holdings 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 valued at $36,000 after purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $50,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 0.1 %

Chipotle Mexican Grill stock traded up $0.05 during midday trading on Friday, reaching $48.13. The stock had a trading volume of 9,352,505 shares, compared to its average volume of 13,408,265. The firm has a market cap of $65.24 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The company has a fifty day moving average of $50.92 and a 200 day moving average of $56.57.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Sanford C. Bernstein restated an "outperform" rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Eight equities research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.42.

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.