Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,661,085 shares of the restaurant operator's stock after selling 363,274 shares during the quarter. Brown Advisory Inc. owned about 0.64% of Chipotle Mexican Grill worth $522,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC boosted its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth about $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMG. TD Securities reduced their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. KeyCorp decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Citigroup lowered their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. UBS Group cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Stephens reissued an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday. Nine 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Trading Up 2.5 %

NYSE:CMG traded up $1.26 during trading hours on Wednesday, hitting $51.62. The company had a trading volume of 11,358,060 shares, compared to its average volume of 13,465,682. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The company has a market cap of $69.55 billion, a P/E ratio of 46.49, a P/E/G ratio of 2.04 and a beta of 1.11. The company has a 50-day moving average of $49.84 and a 200 day moving average of $55.87.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results 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 net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $13.37 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.