Gamco Investors INC. ET AL Sells 2,121 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gamco Investors INC. ET AL lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,278 shares of the restaurant operator’s stock after selling 2,121 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Chipotle Mexican Grill were worth $4,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Anchor Investment Management LLC raised its position in shares of Chipotle Mexican Grill by 4.0% in the 4th quarter. Anchor Investment Management LLC now owns 27,149 shares of the restaurant operator’s stock worth $1,637,000 after acquiring an additional 1,033 shares in the last quarter. Kane Investment Management Inc. purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $1,210,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $20,077,000. Canada Post Corp Registered Pension Plan bought a new position in Chipotle Mexican Grill in the fourth quarter worth $1,607,000. Finally, Mariner LLC lifted its position in Chipotle Mexican Grill by 19.1% during the fourth quarter. Mariner LLC now owns 413,004 shares of the restaurant operator’s stock valued at $24,903,000 after buying an additional 66,184 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 1.3 %

Chipotle Mexican Grill stock opened at $48.18 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The company has a market cap of $65.30 billion, a P/E ratio of 43.40, a P/E/G ratio of 2.04 and a beta of 1.27. The business has a 50-day simple moving average of $51.27 and a two-hundred day simple moving average of $56.71.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results 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 net margin of 13.56% and a return on equity of 42.92%. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday. Wedbush decreased their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Citigroup dropped their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company reduced their price objective 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. Finally, Barclays dropped their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Eight 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.42.

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.