Federated Hermes Inc. Sells 233,777 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Federated Hermes Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,404,854 shares of the restaurant operator’s stock after selling 233,777 shares during the quarter. Federated Hermes Inc.’s holdings in Chipotle Mexican Grill were worth $84,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. United Bank lifted its stake in Chipotle Mexican Grill by 13.7% in the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after purchasing an additional 4,451 shares in the last quarter. Quarry LP increased its holdings in shares of Chipotle Mexican Grill by 108.4% in the third quarter. Quarry LP now owns 1,219 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 634 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 1.9% in the third quarter. EP Wealth Advisors LLC now owns 45,313 shares of the restaurant operator’s stock worth $2,611,000 after buying an additional 866 shares in the last quarter. iA Global Asset Management Inc. bought a new position in Chipotle Mexican Grill during the third quarter valued at approximately $494,000. Finally, Hodges Capital Management Inc. grew its holdings in Chipotle Mexican Grill by 11.2% during the 3rd quarter. Hodges Capital Management Inc. now owns 11,510 shares of the restaurant operator’s stock valued at $663,000 after buying an additional 1,160 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 5.6 %

Shares of Chipotle Mexican Grill stock opened at $47.29 on Monday. The stock’s fifty day moving average price is $53.16 and its 200-day moving average price is $57.33. The firm has a market cap of $64.09 billion, a P/E ratio of 42.59, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $44.99 and a 12 month high of $69.26.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. KeyCorp decreased their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Raymond James reduced their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight equities research 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 data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.38.

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.