Fox Hill Wealth Management Lowers Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fox Hill Wealth Management lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,564 shares of the restaurant operator’s stock after selling 991 shares during the period. Fox Hill Wealth Management’s holdings in Chipotle Mexican Grill were worth $1,300,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after buying an additional 438,007 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Chipotle Mexican Grill by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $692,701,000. Janus Henderson Group PLC lifted its holdings in Chipotle Mexican Grill by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after buying an additional 518,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Chipotle Mexican Grill by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock worth $511,865,000 after buying an additional 288,266 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research reports. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Stephens reduced their price objective 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. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Wedbush reduced their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.85.

Chipotle Mexican Grill Stock Down 3.9 %

Shares of NYSE:CMG opened at $47.72 on Wednesday. The company has a market cap of $64.68 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 2.04 and a beta of 1.27. The firm’s 50-day simple moving average is $55.05 and its 200-day simple moving average is $57.84. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week 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 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, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.