Blueshift Asset Management LLC Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Blueshift Asset Management LLC lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 82.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,284 shares of the restaurant operator’s stock after selling 20,089 shares during the quarter. Blueshift Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $258,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $31,000. Sound Income Strategies LLC lifted its holdings in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. Financial Life Planners bought a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.0 %

CMG stock opened at $48.52 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27. The business’s fifty day simple moving average is $54.53 and its two-hundred day simple moving average is $57.66.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CMG shares. Stephens lowered their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday. Raymond James dropped 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. Finally, Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

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.