Jefferies Financial Group Inc. Reduces Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jefferies Financial Group Inc. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 73.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,344 shares of the restaurant operator's stock after selling 44,386 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Chipotle Mexican Grill were worth $986,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CMG. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after purchasing an additional 8,318,534 shares during the period. Alliancebernstein L.P. boosted its stake in shares of 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 valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded down $0.27 during trading on Monday, hitting $49.81. 11,418,991 shares of the company's stock traded hands, compared to its average volume of 13,489,459. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The stock has a market capitalization of $67.11 billion, a P/E ratio of 44.87, a PEG ratio of 2.04 and a beta of 1.11. The business has a 50-day simple moving average of $50.03 and a 200-day simple moving average of $54.82.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 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 period last year, the firm posted $13.37 earnings per share. Chipotle Mexican Grill's revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Piper Sandler decreased their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Stephens restated an "equal weight" rating and set a $49.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Nine research 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.60.

About Chipotle Mexican Grill

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.