Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 87.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,376 shares of the restaurant operator's stock after selling 645,424 shares during the quarter. Aquatic Capital Management LLC's holdings in Chipotle Mexican Grill were worth $5,510,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CMG. Norges Bank purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $692,701,000. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $315,220,000. Finally, Voya Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 114.2% during the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock worth $541,914,000 after buying an additional 4,790,464 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG traded down $0.21 during trading hours on Thursday, reaching $50.31. 11,808,681 shares of the company were exchanged, compared to its average volume of 13,466,770. The firm has a market cap of $67.78 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 2.04 and a beta of 1.27. The stock has a 50 day simple moving average of $49.99 and a 200 day simple moving average of $56.13. 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 released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business posted $13.37 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

CMG has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Raymond James lowered their price objective on shares of 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. TD Securities cut their target price on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Oppenheimer upped their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Loop Capital reduced their price target 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. Nine equities research 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 stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus price target of $61.74.

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.