Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 46.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,154 shares of the restaurant operator's stock after selling 498,597 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Chipotle Mexican Grill were worth $34,380,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $692,701,000. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after buying an additional 6,853,470 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $315,220,000. Finally, Clearbridge Investments LLC raised its holdings in shares of Chipotle Mexican Grill by 2,145.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after buying an additional 3,038,460 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock traded up $0.74 during trading on Thursday, reaching $49.50. 29,440,818 shares of the company were exchanged, compared to its average volume of 13,022,283. The stock's 50 day simple moving average is $50.31 and its two-hundred day simple moving average is $56.38. The company has a market capitalization of $67.09 billion, a P/E ratio of 44.59, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Guggenheim decreased their price objective on shares of Chipotle Mexican Grill from $56.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Wedbush decreased their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. TD Securities dropped their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.03.

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.