Western Wealth Management LLC Sells 20,388 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Western Wealth Management LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 66.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,297 shares of the restaurant operator's stock after selling 20,388 shares during the period. Western Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $31,000. Sound Income Strategies LLC grew its stake in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill in the fourth quarter worth $38,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. TD Securities cut their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday. Barclays dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Nine investment 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.60.

Chipotle Mexican Grill Stock Up 0.0%

NYSE CMG traded up $0.01 during trading hours on Thursday, hitting $50.08. The company's stock had a trading volume of 3,101,308 shares, compared to its average volume of 13,482,452. The firm has a market capitalization of $67.47 billion, a P/E ratio of 45.08, a PEG ratio of 2.04 and a beta of 1.11. The stock has a fifty day moving average of $50.02 and a 200 day moving average of $55.08. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the company earned $13.37 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.