Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Cut by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 63.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,533 shares of the restaurant operator's stock after selling 7,758 shares during the quarter. Kesler Norman & Wride LLC's holdings in Chipotle Mexican Grill were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC grew its position 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 acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of CMG stock traded down $2.80 on Friday, hitting $47.29. 17,904,945 shares of the stock traded hands, compared to its average volume of 13,317,790. The company's fifty day moving average is $53.16 and its 200 day moving average is $57.33. Chipotle Mexican Grill, Inc. has a 1-year low of $46.78 and a 1-year high of $69.26. The company has a market capitalization of $64.09 billion, a PE ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on CMG shares. Oppenheimer increased their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Jefferies Financial Group increased their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Morgan Stanley raised Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Eight 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.38.

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.