Frontier Capital Management Co. LLC Sells 26,964 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Frontier Capital Management Co. LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 433,787 shares of the restaurant operator's stock after selling 26,964 shares during the period. Frontier Capital Management Co. LLC's holdings in Chipotle Mexican Grill were worth $26,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tortoise Investment Management LLC raised its position in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after buying an additional 176 shares during the last quarter. Traynor Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator's stock valued at $454,000 after buying an additional 181 shares during the last quarter. BTC Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock valued at $601,000 after buying an additional 184 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its position in shares of Chipotle Mexican Grill by 4.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock valued at $310,000 after buying an additional 218 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 3.3%

Shares of CMG traded down $1.68 during trading hours on Friday, reaching $49.77. 16,053,658 shares of the company traded hands, compared to its average volume of 13,510,594. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of 44.83, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The stock's fifty day moving average price is $49.67 and its 200 day moving average price is $55.66.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the firm earned $13.37 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CMG. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Wedbush reduced their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Stephens restated an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Nine equities research 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 company. Based on data from MarketBeat, the company currently 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.