United Capital Financial Advisors LLC Sells 7,307 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

United Capital Financial Advisors LLC reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,449 shares of the restaurant operator’s stock after selling 7,307 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $48.13 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The firm has a market capitalization of $65.24 billion, a P/E ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a 50 day moving average price of $50.92 and a 200-day moving average price of $56.58.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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 analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CMG. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price objective for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Eight 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. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average 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.