Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Holdings Lowered by Legal & General Group Plc

Legal & General Group Plc trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,925,748 shares of the restaurant operator's stock after selling 2,281,598 shares during the period. Legal & General Group Plc owned approximately 0.58% of Chipotle Mexican Grill worth $477,923,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC raised 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 valued at $36,000 after acquiring an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $38,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CMG shares. Jefferies Financial Group increased their price target 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. Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays dropped 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 report on Wednesday, February 5th. Finally, Morgan Stanley raised shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. 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. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $66.10.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock traded down $0.68 during midday trading on Friday, reaching $49.59. 7,326,571 shares of the company were exchanged, compared to its average volume of 13,397,826. The company's 50 day moving average price is $51.97 and its two-hundred day moving average price is $56.95. The company has a market cap of $67.22 billion, a P/E ratio of 44.52, a PEG 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 released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.