Federated Hermes Inc. Has $84.71 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Federated Hermes Inc. reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,404,854 shares of the restaurant operator's stock after selling 233,777 shares during the quarter. Federated Hermes Inc. owned approximately 0.10% of Chipotle Mexican Grill worth $84,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $371,000. Raymond James Financial Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $315,220,000. U.S. Capital Wealth Advisors LLC raised its holdings in Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after buying an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $715,000. Finally, Vinva Investment Management Ltd grew its stake in Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock worth $3,910,000 after buying an additional 21,864 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG traded down $1.45 during trading hours on Thursday, hitting $49.49. 7,189,167 shares of the company were exchanged, compared to its average volume of 12,609,615. The company has a market capitalization of $67.07 billion, a PE ratio of 44.50, a PEG ratio of 2.04 and a beta of 1.27. The firm has a fifty day simple moving average of $52.13 and a 200-day simple moving average of $57.00. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, December 16th. Piper Sandler reduced their price target 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. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Finally, Stephens reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.10.

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.