Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 63.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,533 shares of the restaurant operator’s stock after selling 7,758 shares during the period. Kesler Norman & Wride LLC’s holdings in Chipotle Mexican Grill were worth $273,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMG. Golden State Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $371,000. Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC raised its position in shares of Chipotle Mexican Grill by 155.1% in the fourth 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 during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $715,000. Finally, Vinva Investment Management Ltd lifted its stake in shares of 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 worth $3,910,000 after buying an additional 21,864 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 0.7 %

Chipotle Mexican Grill stock opened at $52.04 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The firm has a market cap of $70.53 billion, a PE ratio of 46.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50 day moving average is $53.50 and its two-hundred day moving average is $57.46.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMG shares. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Barclays dropped their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight investment 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.38.

Chipotle Mexican Grill 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.