Meiji Yasuda Life Insurance Co Sells 32,634 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Meiji Yasuda Life Insurance Co decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 17.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,642 shares of the restaurant operator's stock after selling 32,634 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Chipotle Mexican Grill were worth $9,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter worth $31,000. Sound Income Strategies LLC grew its stake in shares of 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 during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $50,000. Institutional investors own 91.31% of the company's stock.

Chipotle Mexican Grill Trading Up 2.5 %

NYSE CMG traded up $1.26 on Friday, reaching $51.58. 9,055,307 shares of the stock were exchanged, compared to its average volume of 13,473,771. The firm has a market capitalization of $69.50 billion, a PE ratio of 46.46, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $44.46 and a one year high of $69.26. The company's 50-day simple moving average is $49.95 and its two-hundred day simple moving average is $55.97.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Chipotle Mexican Grill's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $13.37 EPS. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CMG. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. TD Securities decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays reduced their target price on 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. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a report on Friday, April 25th. Finally, Wedbush reduced their target price 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. Nine investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.