Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Ithaka Group LLC

Ithaka Group LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,461 shares of the restaurant operator’s stock after selling 12,069 shares during the quarter. Chipotle Mexican Grill comprises about 3.3% of Ithaka Group LLC’s holdings, making the stock its 12th largest position. Ithaka Group LLC’s holdings in Chipotle Mexican Grill were worth $18,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of CMG. United Bank boosted its stake in shares of 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 buying an additional 4,451 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Chipotle Mexican Grill by 85.9% during the third quarter. Venturi Wealth Management LLC now owns 1,487 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 687 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $842,000. Harbour Investments Inc. boosted its position in Chipotle Mexican Grill by 25.7% during the 3rd quarter. Harbour Investments Inc. now owns 4,217 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 863 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Chipotle Mexican Grill by 34.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 20,142 shares of the restaurant operator’s stock worth $1,161,000 after purchasing an additional 5,142 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.2 %

NYSE:CMG opened at $50.07 on Thursday. The company has a market capitalization of $67.85 billion, a P/E ratio of 45.10, a PEG ratio of 2.04 and a beta of 1.27. The firm has a fifty day simple moving average of $55.85 and a 200-day simple moving average of $58.01. Chipotle Mexican Grill, Inc. has a 12 month low of $47.98 and a 12 month high of $69.26.

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

Analyst Ratings Changes

A number of research analysts have recently commented on CMG shares. Stephens cut their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Barclays lowered their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler lowered their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Finally, Evercore ISI upped their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.60.

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.