Prudential PLC lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,378 shares of the restaurant operator's stock after selling 14,900 shares during the quarter. Prudential PLC's holdings in Chipotle Mexican Grill were worth $3,098,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CMG. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC lifted 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 during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 91.31% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CMG. Robert W. Baird cut their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and lifted their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. 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 report on Wednesday, April 2nd. Finally, Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.10.
Check Out Our Latest Analysis on Chipotle Mexican Grill
Chipotle Mexican Grill Stock Performance
NYSE CMG traded up $4.96 during trading hours on Wednesday, hitting $50.94. The company had a trading volume of 24,577,986 shares, compared to its average volume of 13,419,605. The business has a 50 day moving average of $52.13 and a 200-day moving average of $57.00. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The company has a market cap of $69.04 billion, a PE ratio of 45.88, 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 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 return on equity of 42.92% and a net margin of 13.56%. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.
About Chipotle Mexican Grill
(
Free Report)
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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