Capital International Investors Sells 11,952,489 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Capital International Investors trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,896,886 shares of the restaurant operator's stock after selling 11,952,489 shares during the quarter. Capital International Investors owned 1.24% of Chipotle Mexican Grill worth $1,018,745,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after purchasing an additional 176 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after purchasing an additional 181 shares in the last quarter. BTC Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after buying an additional 184 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. raised its position in Chipotle Mexican Grill by 4.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock worth $310,000 after buying an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CMG shares. Truist Financial reduced their price target on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday. Loop Capital upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their target price for the company from $58.00 to $65.00 in a research note on Friday, March 14th. UBS Group dropped their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Wedbush dropped their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.99.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded up $1.68 on Wednesday, hitting $48.78. 20,969,771 shares of the stock were exchanged, compared to its average volume of 13,453,257. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The firm has a market capitalization of $66.11 billion, a P/E ratio of 43.93, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $56.43.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side 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.