Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Beck Capital Management LLC

Beck Capital Management LLC reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,156 shares of the restaurant operator's stock after selling 24,604 shares during the period. Chipotle Mexican Grill comprises approximately 1.6% of Beck Capital Management LLC's holdings, making the stock its 18th largest position. Beck Capital Management LLC's holdings in Chipotle Mexican Grill were worth $6,039,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its holdings in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after buying an additional 176 shares in the last quarter. Traynor Capital Management Inc. boosted its position in Chipotle Mexican Grill by 2.5% during 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 period. BTC Capital Management Inc. grew its stake in Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after acquiring an additional 184 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Finally, Confluence Wealth Services Inc. grew its position in Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after purchasing an additional 218 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CMG shares. Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday. Raymond James reduced their price objective 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. KeyCorp lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada reduced their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $63.99.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $47.10 on Wednesday. The business has a fifty day moving average of $50.48 and a 200-day moving average of $56.43. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market cap of $63.84 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate 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, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.

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