Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 604,604 shares of the restaurant operator's stock after selling 116,225 shares during the period. First Trust Advisors LP's holdings in Chipotle Mexican Grill were worth $36,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $31,000. Sound Income Strategies LLC grew its holdings 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 worth $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $50,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays reduced their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird decreased their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and upped their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.78.

Chipotle Mexican Grill Stock Up 4.8 %

Shares of NYSE:CMG traded up $2.39 during trading on Friday, reaching $51.93. 26,657,351 shares of the company's stock traded hands, compared to its average volume of 13,469,142. The firm has a market cap of $70.38 billion, a PE ratio of 46.78, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $56.28.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.88 billion for 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%. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.