Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,633 shares of the restaurant operator's stock after selling 63,646 shares during the period. Hudson Bay Capital Management LP's holdings in Chipotle Mexican Grill were worth $6,611,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Graypoint LLC increased its holdings in Chipotle Mexican Grill by 4.0% in the fourth quarter. Graypoint LLC now owns 8,668 shares of the restaurant operator's stock valued at $523,000 after buying an additional 333 shares during the last quarter. Czech National Bank grew its position in shares of Chipotle Mexican Grill by 5.9% in the 4th quarter. Czech National Bank now owns 295,438 shares of the restaurant operator's stock worth $17,815,000 after acquiring an additional 16,462 shares in the last quarter. Trust Co. of Toledo NA OH grew its position in shares of Chipotle Mexican Grill by 11.4% in the 4th quarter. Trust Co. of Toledo NA OH now owns 20,438 shares of the restaurant operator's stock worth $1,232,000 after acquiring an additional 2,087 shares in the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of Chipotle Mexican Grill by 3.4% in the 4th quarter. CHICAGO TRUST Co NA now owns 26,786 shares of the restaurant operator's stock valued at $1,615,000 after acquiring an additional 886 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Chipotle Mexican Grill by 27.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,483 shares of the restaurant operator's stock valued at $89,000 after acquiring an additional 323 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wedbush decreased their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. UBS Group cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird lowered their target price on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.22 during trading on Thursday, reaching $52.02. The company had a trading volume of 10,307,579 shares, compared to its average volume of 13,550,322. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market capitalization of $70.09 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The firm's fifty day moving average is $49.63 and its 200 day moving average is $55.54.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the company posted $13.37 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.