Capital Group Private Client Services Inc. Reduces Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Capital Group Private Client Services Inc. lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 981,845 shares of the restaurant operator's stock after selling 21,707 shares during the period. Capital Group Private Client Services Inc. owned 0.07% of Chipotle Mexican Grill worth $59,205,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CMG shares. Stephens cut their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. UBS Group dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and lifted their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Finally, Wedbush reduced their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $65.42.

Chipotle Mexican Grill Trading Up 0.1 %

NYSE:CMG traded up $0.05 during trading hours on Friday, reaching $48.13. 9,352,505 shares of the company traded hands, compared to its average volume of 13,408,265. The business's 50-day moving average price is $50.92 and its two-hundred day moving average price is $56.57. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The stock has a market capitalization of $65.24 billion, a P/E ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27.

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