Scientech Research LLC Sells 10,719 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Scientech Research LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 34.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,186 shares of the restaurant operator's stock after selling 10,719 shares during the period. Scientech Research LLC's holdings in Chipotle Mexican Grill were worth $1,217,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its position in shares of Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock worth $87,000 after purchasing an additional 176 shares in the last quarter. Traynor Capital Management Inc. increased its stake in Chipotle Mexican Grill by 2.5% in the 4th 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. lifted its position in Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator's stock worth $601,000 after buying an additional 184 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its stake in shares of Chipotle Mexican Grill by 4.2% during the 4th quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator's stock worth $310,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMG. Citigroup dropped their target price on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their price target on 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. Robert W. Baird cut their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Evercore ISI decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Nine equities research 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded down $0.64 during trading hours on Wednesday, reaching $50.84. 11,211,563 shares of the stock were exchanged, compared to its average volume of 13,510,062. The firm has a market capitalization of $68.49 billion, a price-to-earnings ratio of 45.79, a P/E/G ratio of 2.04 and a beta of 1.11. The stock's fifty day simple moving average is $49.82 and its 200 day simple moving average is $55.35. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $13.37 EPS. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.