Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Reduced by Edgewood Management LLC

Edgewood Management LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,770,476 shares of the restaurant operator's stock after selling 1,561,143 shares during the period. Chipotle Mexican Grill makes up 3.4% of Edgewood Management LLC's investment portfolio, making the stock its 17th largest position. Edgewood Management LLC owned about 1.45% of Chipotle Mexican Grill worth $1,192,160,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CMG. Tortoise Investment Management LLC raised its holdings in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after purchasing an additional 176 shares during the period. Traynor Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after buying an additional 181 shares during the period. BTC Capital Management Inc. raised its holdings 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 valued at $601,000 after buying an additional 184 shares during the period. Revolve Wealth Partners LLC lifted its position 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 buying an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its stake 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 worth $310,000 after buying an additional 218 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on CMG. Royal Bank of Canada restated an "outperform" rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. KeyCorp lowered their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Citigroup dropped their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Robert W. Baird decreased 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. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.10.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $1.19 during trading on Thursday, reaching $49.74. 7,575,789 shares of the company's stock traded hands, compared to its average volume of 13,398,558. The stock has a market capitalization of $67.41 billion, a P/E ratio of 44.88, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company has a 50 day moving average of $52.13 and a 200-day moving average of $57.00.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating 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%. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.