Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 145,090 shares of the restaurant operator's stock after selling 11,160 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Chipotle Mexican Grill were worth $8,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $371,000. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $315,220,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after buying an additional 9,070 shares during the last quarter. Vinva Investment Management Ltd raised its stake in shares of Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after buying an additional 21,864 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $715,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CMG shares. JPMorgan Chase & Co. reduced their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday. KeyCorp cut their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Stephens restated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley cut their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $61.60.

Chipotle Mexican Grill Stock Down 0.7%

Shares of Chipotle Mexican Grill stock traded down $0.35 on Thursday, hitting $49.72. 7,984,853 shares of the company were exchanged, compared to its average volume of 13,501,179. The stock has a market capitalization of $66.99 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The company has a 50-day moving average price of $50.02 and a 200 day moving average price of $55.08. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping 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 business had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the previous year, the firm posted $13.37 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts forecast 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.