Knights of Columbus Asset Advisors LLC Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Knights of Columbus Asset Advisors LLC trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,251 shares of the restaurant operator’s stock after selling 2,627 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CMG. United Bank raised its stake in Chipotle Mexican Grill by 13.7% during the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after purchasing an additional 4,451 shares during the period. Advisors Asset Management Inc. raised its stake in Chipotle Mexican Grill by 29.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 46,854 shares of the restaurant operator’s stock valued at $2,700,000 after purchasing an additional 10,638 shares during the period. Citizens Financial Group Inc. RI raised its stake in Chipotle Mexican Grill by 21.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,896 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 696 shares during the period. Banco Santander S.A. raised its stake in Chipotle Mexican Grill by 23.7% during the 3rd quarter. Banco Santander S.A. now owns 14,534 shares of the restaurant operator’s stock valued at $837,000 after purchasing an additional 2,781 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $2,315,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.0 %

Shares of NYSE CMG opened at $48.52 on Friday. The business has a fifty day simple moving average of $54.53 and a two-hundred day simple moving average of $57.69. The firm has a market cap of $65.76 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMG shares. Raymond James decreased their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Oppenheimer raised their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Piper Sandler cut their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.