Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,800,316 shares of the restaurant operator's stock after selling 2,118,983 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.87% of Chipotle Mexican Grill worth $3,183,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Alta Advisers Ltd increased its stake in shares of Chipotle Mexican Grill by 24.4% in the 4th quarter. Alta Advisers Ltd now owns 4,541 shares of the restaurant operator's stock worth $274,000 after acquiring an additional 891 shares during the last quarter. Soros Capital Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth about $7,061,000. Stifel Financial Corp raised its stake in Chipotle Mexican Grill by 3.8% during the fourth quarter. Stifel Financial Corp now owns 2,402,522 shares of the restaurant operator's stock worth $144,872,000 after purchasing an additional 87,129 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Chipotle Mexican Grill by 5.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 128,351 shares of the restaurant operator's stock valued at $7,741,000 after purchasing an additional 6,279 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Chipotle Mexican Grill by 149.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 116,150 shares of the restaurant operator's stock valued at $7,004,000 after buying an additional 69,576 shares during the period. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Stock Down 1.4 %

CMG traded down $0.71 during trading on Monday, hitting $51.07. 7,644,739 shares of the stock were exchanged, compared to its average volume of 13,447,773. The stock has a fifty day moving average price of $50.11 and a two-hundred day moving average price of $56.26. The firm has a market capitalization of $69.22 billion, a P/E ratio of 46.17, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating 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 firm 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 business earned $13.37 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Citigroup dropped 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 report on Wednesday, April 2nd. Guggenheim decreased their price objective on shares of Chipotle Mexican Grill from $56.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped 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. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.