Atalanta Sosnoff Capital LLC Reduces Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Atalanta Sosnoff Capital LLC lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 602,932 shares of the restaurant operator's stock after selling 9,271 shares during the period. Atalanta Sosnoff Capital LLC's holdings in Chipotle Mexican Grill were worth $36,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $692,701,000. Alliancebernstein L.P. raised its holdings 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. bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $315,220,000. Finally, Voya Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 114.2% during the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock worth $541,914,000 after acquiring an additional 4,790,464 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 1.0 %

Chipotle Mexican Grill stock traded up $0.48 during midday trading on Tuesday, reaching $50.49. The stock had a trading volume of 9,755,879 shares, compared to its average volume of 13,464,602. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company has a fifty day moving average price of $49.88 and a two-hundred day moving average price of $55.90. The company has a market capitalization of $68.03 billion, a P/E ratio of 45.48, a PEG ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (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 company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $13.37 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on CMG shares. Stephens dropped their price target on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus price target of $61.74.

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.