Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 345,943 shares of the restaurant operator's stock after selling 137,540 shares during the quarter. Pinebridge Investments L.P.'s holdings in Chipotle Mexican Grill were worth $20,860,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CMG. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $692,701,000. Alliancebernstein L.P. lifted its stake in Chipotle Mexican Grill by 29.5% in 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 during the 4th quarter worth approximately $315,220,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Chipotle Mexican Grill by 2,145.9% during the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock valued at $191,757,000 after buying an additional 3,038,460 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

CMG has been the topic of a number of recent research reports. Barclays cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Stephens lowered their price target on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, KeyCorp cut their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.78.

Chipotle Mexican Grill Stock Performance

CMG stock traded down $0.46 during trading on Monday, reaching $51.32. 7,206,150 shares of the company traded hands, compared to its average volume of 13,445,428. The company has a market capitalization of $69.55 billion, a price-to-earnings ratio of 46.29, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business has a 50 day simple moving average of $50.11 and a 200 day simple moving average of $56.26. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.