Invesco Ltd. Reduces Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Invesco Ltd. decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,293,544 shares of the restaurant operator's stock after selling 225,675 shares during the period. Invesco Ltd. owned about 0.46% of Chipotle Mexican Grill worth $379,501,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its position in shares of 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 acquiring an additional 176 shares during the period. Traynor Capital Management Inc. increased its stake in Chipotle Mexican Grill by 2.5% in 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 last quarter. BTC Capital Management Inc. increased its position in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after purchasing an additional 184 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in 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 valued at $290,000 after purchasing an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted 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 during the last quarter. 91.31% of the stock is currently owned by institutional investors.

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Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $0.62 during mid-day trading on Monday, hitting $49.14. 4,310,004 shares of the stock traded hands, compared to its average volume of 13,391,150. The stock's fifty day moving average is $51.79 and its two-hundred day moving average is $56.88. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The stock has a market cap of $66.60 billion, a P/E ratio of 44.26, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results 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%. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and lifted their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their price target for the company from $58.00 to $65.00 in a report on Friday, March 14th. Finally, Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $65.74.

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.