Garden State Investment Advisory Services LLC Sells 513 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Garden State Investment Advisory Services LLC cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,539 shares of the restaurant operator’s stock after selling 513 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill during the 4th quarter worth $692,701,000. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $315,220,000. Finally, Clearbridge Investments LLC raised its holdings in Chipotle Mexican Grill by 2,145.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator’s stock valued at $191,757,000 after buying an additional 3,038,460 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.3 %

CMG opened at $48.18 on Thursday. The company has a 50 day moving average of $51.27 and a 200 day moving average of $56.71. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company has a market cap of $65.30 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released 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 return on equity of 42.92% and a net margin of 13.56%. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMG. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Wedbush cut their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock 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 raised their price target for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Finally, Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the company from $58.00 to $65.00 in a research note on Friday, March 14th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.