Capital Group Private Client Services Inc. Reduces Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Capital Group Private Client Services Inc. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 981,845 shares of the restaurant operator's stock after selling 21,707 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.07% of Chipotle Mexican Grill worth $59,205,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. increased its position in 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 purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares during the last quarter. American Century Companies Inc. raised its position in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock valued at $1,220,290,000 after buying an additional 166,767 shares during the period. Norges Bank acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $1,093,345,000. Finally, Franklin Resources Inc. grew its position in Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock worth $805,692,000 after acquiring an additional 381,873 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Up 3.4 %

Chipotle Mexican Grill stock traded up $1.60 during midday trading on Wednesday, reaching $48.70. The company's stock had a trading volume of 7,173,749 shares, compared to its average volume of 13,398,456. The company has a market cap of $66.00 billion, a P/E ratio of 43.87, a P/E/G ratio of 2.04 and a beta of 1.27. The business has a 50-day simple moving average of $50.48 and a 200-day simple moving average of $56.43. 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 issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research analyst reports. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 28th. Truist Financial reduced their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday. Stephens restated an "equal weight" rating and issued a $54.00 price objective on shares of Chipotle Mexican Grill in a report on Monday. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and lifted their target price for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $63.99.

Chipotle Mexican Grill 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.