Blueshift Asset Management LLC Lowers Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Blueshift Asset Management LLC trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 82.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,284 shares of the restaurant operator's stock after selling 20,089 shares during the period. Blueshift Asset Management LLC's holdings in Chipotle Mexican Grill were worth $258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $31,000. Sound Income Strategies LLC lifted its position in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new position in Chipotle Mexican Grill during the third quarter worth about $37,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. KeyCorp dropped their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Loop Capital raised Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.67.

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Chipotle Mexican Grill Stock Down 0.2 %

CMG traded down $0.11 on Tuesday, reaching $49.49. The company had a trading volume of 11,348,955 shares, compared to its average volume of 13,036,199. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a market capitalization of $67.08 billion, a PE ratio of 44.58, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a 50-day moving average price of $54.26 and a 200-day moving average price of $57.67.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.