Epoch Investment Partners Inc. Sells 498,597 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Epoch Investment Partners Inc. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 570,154 shares of the restaurant operator’s stock after selling 498,597 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Chipotle Mexican Grill were worth $34,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC raised its stake in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $50,000. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMG shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays dropped their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. UBS Group reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Wedbush dropped 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 report on Wednesday, February 5th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

Chipotle Mexican Grill Trading Up 0.1 %

CMG stock opened at $48.13 on Friday. The stock has a market capitalization of $65.24 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The stock’s 50 day simple moving average is $50.92 and its 200 day simple moving average is $56.57. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released 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, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.