Savoir Faire Capital Management L.P. Has $9.56 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Savoir Faire Capital Management L.P. reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,600 shares of the restaurant operator's stock after selling 46,752 shares during the quarter. Chipotle Mexican Grill accounts for about 4.5% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 5th largest holding. Savoir Faire Capital Management L.P.'s holdings in Chipotle Mexican Grill were worth $9,564,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CMG. Golden State Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $371,000. Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. U.S. Capital Wealth Advisors LLC grew its position in Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock worth $900,000 after acquiring an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $715,000. Finally, Vinva Investment Management Ltd lifted its position in Chipotle Mexican Grill by 50.6% in the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after purchasing an additional 21,864 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

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Chipotle Mexican Grill Trading Down 3.2 %

NYSE:CMG traded down $1.51 during mid-day trading on Monday, reaching $45.78. The company's stock had a trading volume of 9,649,760 shares, compared to its average volume of 13,304,490. The firm's fifty day moving average price is $53.16 and its two-hundred day moving average price is $57.33. Chipotle Mexican Grill, Inc. has a 12-month low of $44.77 and a 12-month high of $69.26. The stock has a market cap of $62.04 billion, a P/E ratio of 41.19, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 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%. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CMG shares. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Stephens cut their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Barclays cut their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.10.

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.