Summit Investment Advisors Inc. Sells 594 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Summit Investment Advisors Inc. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,477 shares of the restaurant operator’s stock after selling 594 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CMG. Golden State Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $371,000. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after acquiring an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $715,000. Finally, Vinva Investment Management Ltd increased its position in Chipotle Mexican Grill by 50.6% during the fourth 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 period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.1 %

Shares of CMG opened at $48.13 on Friday. The firm’s fifty day simple moving average is $51.08 and its two-hundred day simple moving average is $56.64. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The stock has a market capitalization of $65.24 billion, a P/E 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 released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Raymond James lowered their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Citigroup cut their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley raised 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 note on Monday, March 3rd. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $65.42.

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.