United Capital Financial Advisors LLC Reduces Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

United Capital Financial Advisors LLC reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 21.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,449 shares of the restaurant operator's stock after selling 7,307 shares during the period. United Capital Financial Advisors LLC's holdings in Chipotle Mexican Grill were worth $1,655,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMG. Tortoise Investment Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 14.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after purchasing an additional 176 shares in the last quarter. Traynor Capital Management Inc. lifted its position in Chipotle Mexican Grill by 2.5% in the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock worth $454,000 after buying an additional 181 shares during the last quarter. BTC Capital Management Inc. boosted its stake in Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after buying an additional 184 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its stake in shares of Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock worth $310,000 after acquiring an additional 218 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG traded up $1.68 during midday trading on Wednesday, hitting $48.78. The company had a trading volume of 15,920,442 shares, compared to its average volume of 13,444,341. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The company's 50-day simple moving average is $50.48 and its 200-day simple moving average is $56.43. The firm has a market capitalization of $66.11 billion, a P/E ratio of 43.93, a P/E/G ratio of 2.04 and a beta of 1.27.

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 (EPS) for the quarter, beating 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%. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Royal Bank of Canada reduced their price target on Chipotle Mexican Grill from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Truist Financial lowered their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" 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 target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.99.

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.