Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Trimmed by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,687,558 shares of the restaurant operator's stock after selling 275,194 shares during the period. Ameriprise Financial Inc. owned approximately 0.27% of Chipotle Mexican Grill worth $222,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Alyeska Investment Group L.P. raised its holdings in shares of Chipotle Mexican Grill by 13.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,011,244 shares of the restaurant operator's stock worth $362,478,000 after acquiring an additional 728,457 shares during the period. Aptus Capital Advisors LLC raised its stake in Chipotle Mexican Grill by 42.1% during the fourth quarter. Aptus Capital Advisors LLC now owns 18,451 shares of the restaurant operator's stock worth $1,113,000 after purchasing an additional 5,470 shares during the period. Aspire Growth Partners LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $235,000. AXA S.A. grew its stake in shares of Chipotle Mexican Grill by 24.0% in the 4th quarter. AXA S.A. now owns 3,059,315 shares of the restaurant operator's stock valued at $184,477,000 after buying an additional 592,644 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Chipotle Mexican Grill by 51.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 195,887 shares of the restaurant operator's stock worth $11,812,000 after buying an additional 66,675 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMG. UBS Group lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Stephens reissued an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday. Morgan Stanley cut their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial cut their price target on Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.74.

Chipotle Mexican Grill Trading Down 3.3 %

CMG traded down $1.68 on Friday, hitting $49.77. 16,053,658 shares of the company's stock were exchanged, compared to its average volume of 13,510,594. The firm has a market cap of $67.06 billion, a PE ratio of 44.83, a P/E/G ratio of 2.04 and a beta of 1.11. The stock has a fifty day moving average of $49.67 and a two-hundred day moving average of $55.69. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $13.37 earnings per share. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.