EP Wealth Advisors LLC Sells 11,231 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

EP Wealth Advisors LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,082 shares of the restaurant operator's stock after selling 11,231 shares during the quarter. EP Wealth Advisors LLC's holdings in Chipotle Mexican Grill were worth $2,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Chipotle Mexican Grill by 24.9% during the third quarter. Principal Financial Group Inc. now owns 2,095,508 shares of the restaurant operator's stock valued at $120,743,000 after purchasing an additional 417,770 shares in the last quarter. Hilltop National Bank increased its position in Chipotle Mexican Grill by 6.5% during the fourth quarter. Hilltop National Bank now owns 44,582 shares of the restaurant operator's stock valued at $2,688,000 after acquiring an additional 2,709 shares during the last quarter. Jacobs & Co. CA lifted its stake in shares of Chipotle Mexican Grill by 4.8% during the 4th quarter. Jacobs & Co. CA now owns 108,393 shares of the restaurant operator's stock worth $6,536,000 after acquiring an additional 4,943 shares during the last quarter. Graypoint LLC boosted its holdings in shares of 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 purchasing an additional 333 shares during the period. Finally, Czech National Bank boosted its stake in shares of Chipotle Mexican Grill by 5.9% during the fourth quarter. Czech National Bank now owns 295,438 shares of the restaurant operator's stock valued at $17,815,000 after purchasing an additional 16,462 shares in the last quarter. Institutional investors own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMG. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Loop Capital cut their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Stephens reaffirmed an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Stock Performance

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

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. During the same quarter last year, the company posted $13.37 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.