Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 204,408 shares of the restaurant operator's stock after selling 44,911 shares during the period. J. Safra Sarasin Holding AG's holdings in Chipotle Mexican Grill were worth $12,326,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $31,000. Sound Income Strategies LLC lifted its stake 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 purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $50,000. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMG has been the subject of several research reports. Evercore ISI dropped their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Thursday. Loop Capital lowered their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday. Oppenheimer upped their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. UBS Group cut their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Stephens lowered their price target on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.78.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock traded up $2.39 during mid-day trading on Friday, reaching $51.93. 26,657,351 shares of the company were exchanged, compared to its average volume of 13,482,577. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The business has a fifty day moving average of $50.11 and a 200 day moving average of $56.29. The firm has a market cap of $70.38 billion, a P/E ratio of 46.78, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.98 billion. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.