Cresset Asset Management LLC Has $1.98 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cresset Asset Management LLC reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 82.3% in the 4th quarter, Holdings Channel reports. The firm owned 32,803 shares of the restaurant operator’s stock after selling 152,638 shares during the period. Cresset Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $31,000. Sound Income Strategies LLC raised its stake in 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 worth $36,000 after acquiring an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $50,000. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CMG shares. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Barclays dropped their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Wedbush cut their price target 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. Finally, Piper Sandler reduced their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.74.

Chipotle Mexican Grill Trading Down 3.3 %

Shares of NYSE CMG opened at $49.77 on Friday. The firm has a market capitalization of $67.06 billion, a P/E ratio of 44.83, a P/E/G ratio of 2.04 and a beta of 1.11. The firm’s 50-day moving average price is $49.67 and its 200-day moving average price is $55.71. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $13.37 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

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.