Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Carroll Investors Inc

Carroll Investors Inc trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,602 shares of the restaurant operator's stock after selling 20,729 shares during the period. Chipotle Mexican Grill makes up 9.1% of Carroll Investors Inc's investment portfolio, making the stock its 5th largest holding. Carroll Investors Inc's holdings in Chipotle Mexican Grill were worth $16,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC grew its position in Chipotle Mexican Grill by 1,110.0% in the 4th 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. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $38,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.05 during mid-day trading on Friday, reaching $48.13. The company had a trading volume of 9,352,505 shares, compared to its average volume of 13,443,023. The stock 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, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The stock's 50 day moving average is $50.92 and its 200-day moving average is $56.58.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued 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, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CMG shares. Loop Capital raised shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $58.00 to $65.00 in a report on Friday, March 14th. Raymond James lowered their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Robert W. Baird lowered their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Stifel Nicolaus cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Finally, Morgan Stanley raised shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Eight 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $65.42.

Chipotle Mexican Grill 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.