Beck Capital Management LLC Has $6.04 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Beck Capital Management LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,156 shares of the restaurant operator's stock after selling 24,604 shares during the quarter. Chipotle Mexican Grill comprises approximately 1.6% of Beck Capital Management LLC's holdings, making the stock its 18th largest holding. Beck Capital Management LLC's holdings in Chipotle Mexican Grill were worth $6,039,000 as of its most recent SEC filing.

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

Chipotle Mexican Grill Stock Performance

CMG traded down $0.83 during trading on Monday, reaching $50.95. 9,105,808 shares of the company's stock were exchanged, compared to its average volume of 13,453,360. The company's fifty day moving average price is $50.11 and its 200-day moving average price is $56.26. The firm has a market capitalization of $69.05 billion, a PE ratio of 45.87, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

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

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Barclays decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler dropped their price target on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, UBS Group cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average price target of $61.78.

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.