Jefferies Financial Group Inc. Sells 44,386 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jefferies Financial Group Inc. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 73.1% in the fourth quarter, according to the company in its most recent filing 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings 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 worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Geode Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the last quarter. American Century Companies Inc. lifted its holdings in Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after purchasing an additional 166,767 shares during the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $1,093,345,000. Finally, Northern Trust Corp boosted its stake in Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after purchasing an additional 1,438,860 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.05 during midday trading on Monday, hitting $52.27. 7,750,825 shares of the stock were exchanged, compared to its average volume of 13,541,760. The business's 50-day moving average price is $49.72 and its 200 day moving average price is $55.42. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The stock has a market capitalization of $70.43 billion, a price-to-earnings ratio of 47.08, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the company earned $13.37 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CMG shares. Citigroup dropped their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Loop Capital dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. TD Securities lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Raymond James cut their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.74.

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.