Systematic Alpha Investments LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 44.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,600 shares of the restaurant operator's stock after selling 17,500 shares during the quarter. Systematic Alpha Investments LLC's holdings in Chipotle Mexican Grill were worth $1,302,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $371,000. Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $315,220,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after buying an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $715,000. Finally, Vinva Investment Management Ltd increased its stake 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 acquiring an additional 21,864 shares during the period. 91.31% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Loop Capital upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "buy" rating and raised their price target for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Piper Sandler decreased their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set an "outperform" rating for the company in a research note on Monday. Barclays reduced their target price on shares of 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, 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. 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $66.10.
Check Out Our Latest Stock Report on CMG
Chipotle Mexican Grill Price Performance
Shares of Chipotle Mexican Grill stock traded down $0.02 during trading on Tuesday, hitting $46.65. 6,009,742 shares of the company were exchanged, compared to its average volume of 12,363,805. The firm has a market capitalization of $63.22 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm's fifty day moving average price is $52.93 and its 200 day moving average price is $57.25. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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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