Cresset Asset Management LLC Sells 152,638 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cresset Asset Management LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 82.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 32,803 shares of the restaurant operator's stock after selling 152,638 shares during the period. Cresset Asset Management LLC's holdings in Chipotle Mexican Grill were worth $1,978,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Crestline Management LP acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth about $944,000. Cetera Investment Advisers grew its position in shares of Chipotle Mexican Grill by 14.9% during the 4th quarter. Cetera Investment Advisers now owns 455,770 shares of the restaurant operator's stock worth $27,483,000 after buying an additional 59,248 shares during the period. Captrust Financial Advisors raised its stake in shares of Chipotle Mexican Grill by 15.5% during the fourth quarter. Captrust Financial Advisors now owns 406,537 shares of the restaurant operator's stock worth $24,514,000 after buying an additional 54,533 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $1,834,000. Finally, Chapman Financial Group LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $1,163,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.2%

CMG stock traded down $0.10 during mid-day trading on Tuesday, reaching $50.66. The company's stock had a trading volume of 12,927,299 shares, compared to its average volume of 13,538,164. The company has a market cap of $68.26 billion, a price-to-earnings ratio of 45.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The business's 50 day moving average price is $49.61 and its 200 day moving average price is $55.60.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James dropped their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Sanford C. Bernstein restated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research note on Friday, April 25th. Stephens reiterated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. Finally, Evercore ISI decreased their price objective 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. Nine equities research 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 stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.

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.