Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Capital World Investors

Capital World Investors decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,524,773 shares of the restaurant operator’s stock after selling 3,045,707 shares during the quarter. Capital World Investors owned 2.90% of Chipotle Mexican Grill worth $2,383,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $371,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $315,220,000. U.S. Capital Wealth Advisors LLC boosted its stake in Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at $715,000. Finally, Vinva Investment Management Ltd increased its stake in shares of Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after acquiring an additional 21,864 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. UBS Group cut their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird decreased their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Chipotle Mexican Grill Price Performance

CMG stock opened at $48.13 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The firm has a market capitalization of $65.24 billion, a PE ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27. The company’s 50 day simple moving average is $50.92 and its 200-day simple moving average is $56.58.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.