Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Magellan Asset Management Ltd

Magellan Asset Management Ltd decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,003,786 shares of the restaurant operator’s stock after selling 61,374 shares during the quarter. Chipotle Mexican Grill makes up approximately 3.3% of Magellan Asset Management Ltd’s portfolio, making the stock its 11th biggest position. Magellan Asset Management Ltd owned approximately 0.37% of Chipotle Mexican Grill worth $301,728,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $371,000. Raymond James Financial Inc. purchased a new stake in Chipotle Mexican Grill during the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC grew its position in shares of Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $715,000. Finally, Vinva Investment Management Ltd boosted its stake in shares of Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $52.04 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a 50 day simple moving average of $53.50 and a two-hundred day simple moving average of $57.46. The firm has a market cap of $70.53 billion, a P/E ratio of 46.87, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on CMG shares. Raymond James dropped their price objective on shares of 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. JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Oppenheimer lifted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Truist Financial upped their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

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.