Fmr LLC Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

FMR LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,565,877 shares of the restaurant operator's stock after selling 152,478 shares during the quarter. FMR LLC owned about 2.46% of Chipotle Mexican Grill worth $2,024,022,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on CMG shares. Wedbush reduced their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Raymond James decreased 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 research report on Tuesday, January 28th. Barclays cut their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Oppenheimer raised their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group upped their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $66.10.

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Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded down $1.02 on Thursday, hitting $49.91. The company's stock had a trading volume of 7,575,789 shares, compared to its average volume of 13,398,558. The stock has a 50 day moving average of $52.13 and a 200-day moving average of $57.00. The company has a market capitalization of $67.64 billion, a price-to-earnings 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.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.