Bridgewater Associates LP Sells 882,908 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bridgewater Associates LP cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373,820 shares of the restaurant operator's stock after selling 882,908 shares during the period. Bridgewater Associates LP's holdings in Chipotle Mexican Grill were worth $22,541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Sound Income Strategies LLC grew its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter worth $50,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $0.05 during mid-day trading on Friday, reaching $48.13. The stock had a trading volume of 9,352,505 shares, compared to its average volume of 13,443,023. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The stock's 50-day simple moving average is $50.92 and its 200-day simple moving average is $56.58. The firm has a market capitalization of $65.24 billion, a PE ratio of 43.36, 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 Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of several recent research reports. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Robert W. Baird cut their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and upped their price target for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Barclays cut their price objective on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.