Ithaka Group LLC Decreases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ithaka Group LLC trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 299,461 shares of the restaurant operator's stock after selling 12,069 shares during the quarter. Chipotle Mexican Grill makes up 3.3% of Ithaka Group LLC's portfolio, making the stock its 12th biggest holding. Ithaka Group LLC's holdings in Chipotle Mexican Grill were worth $18,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Sound Income Strategies LLC raised its stake in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Chipotle Mexican Grill during the third quarter valued at approximately $37,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.2 %

Shares of NYSE CMG opened at $50.07 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock has a market capitalization of $67.85 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a 50-day simple moving average of $55.85 and a 200-day simple moving average of $58.01.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Raymond James cut their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Tuesday, January 28th. Evercore ISI raised their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Morgan Stanley raised Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.60.

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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