IHT Wealth Management LLC Sells 6,081 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

IHT Wealth Management LLC lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,590 shares of the restaurant operator's stock after selling 6,081 shares during the period. IHT Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $1,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Alliancebernstein L.P. increased its stake in Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock valued at $1,815,061,000 after buying an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $315,220,000. Finally, Clearbridge Investments LLC boosted its stake in shares of Chipotle Mexican Grill by 2,145.9% during the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after buying an additional 3,038,460 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Down 0.6 %

NYSE CMG traded down $0.31 during trading on Monday, reaching $51.47. The company's stock had a trading volume of 6,672,779 shares, compared to its average volume of 13,104,733. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The firm has a 50 day moving average price of $50.11 and a 200 day moving average price of $56.26. The firm has a market capitalization of $69.76 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.98 billion. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMG. Stephens dropped their target price on Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Sanford C. Bernstein restated an "outperform" rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays cut their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.78.

Chipotle Mexican Grill Company 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.