Montag & Caldwell LLC Trims Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Montag & Caldwell LLC cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,771 shares of the restaurant operator's stock after selling 16,474 shares during the period. Chipotle Mexican Grill accounts for about 2.9% of Montag & Caldwell LLC's investment portfolio, making the stock its 13th biggest holding. Montag & Caldwell LLC's holdings in Chipotle Mexican Grill were worth $13,433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $692,701,000. Alliancebernstein L.P. lifted its position in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after buying an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $315,220,000. Finally, Clearbridge Investments LLC grew its holdings in shares of Chipotle Mexican Grill by 2,145.9% during the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock valued at $191,757,000 after purchasing an additional 3,038,460 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded up $0.05 on Friday, reaching $48.13. 9,352,505 shares of the company traded hands, compared to its average volume of 13,443,023. The company has a 50 day moving average of $50.92 and a 200 day moving average of $56.58. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The firm has a market capitalization of $65.24 billion, a PE ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate 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, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Loop Capital upgraded Chipotle Mexican Grill from a "hold" rating to a "buy" rating and increased their target price for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Sanford C. Bernstein reiterated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada decreased their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $65.42.

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.