Senator Investment Group LP Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Senator Investment Group LP cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 97.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,170 shares of the restaurant operator's stock after selling 718,426 shares during the quarter. Senator Investment Group LP's holdings in Chipotle Mexican Grill were worth $915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC increased its stake in 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 acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $50,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded up $2.39 during trading hours on Friday, hitting $51.93. The stock had a trading volume of 26,656,695 shares, compared to its average volume of 13,565,951. The company has a 50 day simple moving average of $50.16 and a two-hundred day simple moving average of $56.33. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CMG. Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a 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 report on Tuesday, January 28th. Evercore ISI lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Truist Financial cut their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.96.

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.