USS Investment Management Ltd Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

USS Investment Management Ltd reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221,336 shares of the restaurant operator's stock after selling 9,999 shares during the quarter. USS Investment Management Ltd's holdings in Chipotle Mexican Grill were worth $13,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Sound Income Strategies LLC raised its holdings in shares of 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 valued at $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $38,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $0.11 during trading on Monday, hitting $50.67. 9,334,053 shares of the company's stock were exchanged, compared to its average volume of 13,536,049. The business's 50-day simple moving average is $49.92 and its 200 day simple moving average is $55.21. The company has a market cap of $68.27 billion, a price-to-earnings ratio of 45.64, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26.

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, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company's revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $13.37 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. 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. Loop Capital dropped their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company cut their price target 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. Argus cut shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $61.74.

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.