Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 981,845 shares of the restaurant operator’s stock after selling 21,707 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.07% of Chipotle Mexican Grill worth $59,205,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CMG. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Sound Income Strategies LLC raised its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased 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 report on Thursday, March 20th. Raymond James reduced their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Chipotle Mexican Grill Trading Up 0.1 %

NYSE CMG opened at $48.13 on Friday. The company has a 50-day moving average price of $51.08 and a two-hundred day moving average price of $56.64. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The stock has a market cap of $65.24 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.