IHT Wealth Management LLC Sells 6,081 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

IHT Wealth Management LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,590 shares of the restaurant operator's stock after selling 6,081 shares during the period. IHT Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of Chipotle Mexican Grill by 3.8% in the 4th quarter. Stifel Financial Corp now owns 2,402,522 shares of the restaurant operator's stock worth $144,872,000 after buying an additional 87,129 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Chipotle Mexican Grill by 5.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 128,351 shares of the restaurant operator's stock worth $7,741,000 after acquiring an additional 6,279 shares during the period. Tower Research Capital LLC TRC grew its holdings in Chipotle Mexican Grill by 149.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 116,150 shares of the restaurant operator's stock worth $7,004,000 after acquiring an additional 69,576 shares in the last quarter. Mirova grew its holdings in Chipotle Mexican Grill by 28.4% during the 4th quarter. Mirova now owns 69,179 shares of the restaurant operator's stock worth $4,171,000 after acquiring an additional 15,285 shares in the last quarter. Finally, MML Investors Services LLC increased its position in Chipotle Mexican Grill by 19.9% during the 4th quarter. MML Investors Services LLC now owns 422,852 shares of the restaurant operator's stock valued at $25,498,000 after purchasing an additional 70,301 shares during the period. Institutional investors own 91.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMG. Royal Bank of Canada dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Stephens reiterated an "equal weight" rating and issued a $54.00 price target on shares of Chipotle Mexican Grill in a report on Monday. Barclays decreased their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Citigroup cut their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $63.99.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $48.78 on Thursday. The company has a 50 day moving average price of $50.31 and a 200-day moving average price of $56.38. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The firm has a market cap of $66.11 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.

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