Ameriprise Financial Inc. Reduces Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Ameriprise Financial Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,687,558 shares of the restaurant operator's stock after selling 275,194 shares during the period. Ameriprise Financial Inc. owned 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 institutional investors and hedge funds have also made changes to their positions in CMG. Principal Financial Group Inc. boosted its holdings in Chipotle Mexican Grill by 24.9% in the third quarter. Principal Financial Group Inc. now owns 2,095,508 shares of the restaurant operator's stock valued at $120,743,000 after purchasing an additional 417,770 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 50.0% in the 4th quarter. CWA Asset Management Group LLC now owns 18,734 shares of the restaurant operator's stock valued at $1,130,000 after buying an additional 6,248 shares in the last quarter. Boltwood Capital Management raised its stake in Chipotle Mexican Grill by 8.8% during the 4th quarter. Boltwood Capital Management now owns 13,025 shares of the restaurant operator's stock worth $785,000 after acquiring an additional 1,050 shares in the last quarter. Kozak & Associates Inc. lifted its position in Chipotle Mexican Grill by 11.5% in the fourth quarter. Kozak & Associates Inc. now owns 6,912 shares of the restaurant operator's stock valued at $413,000 after acquiring an additional 712 shares during the last quarter. Finally, Legacy Private Trust Co. boosted its stake in Chipotle Mexican Grill by 2.1% in the fourth quarter. Legacy Private Trust Co. now owns 40,171 shares of the restaurant operator's stock valued at $2,422,000 after acquiring an additional 819 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James cut 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. Loop Capital reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Stephens lowered their price target on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Trading Down 3.0 %

NYSE CMG opened at $50.00 on Tuesday. The stock has a market cap of $67.37 billion, a P/E ratio of 45.04, a PEG ratio of 2.04 and a beta of 1.11. The company's fifty day simple moving average is $49.88 and its 200-day simple moving average is $55.90. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

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

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