Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Arvest Bank Trust Division

Arvest Bank Trust Division lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 32.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,232 shares of the restaurant operator’s stock after selling 2,000 shares during the quarter. Arvest Bank Trust Division’s holdings in Chipotle Mexican Grill were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its stake in Chipotle Mexican Grill by 0.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,445,242 shares of the restaurant operator’s stock valued at $87,115,000 after purchasing an additional 8,609 shares during the last quarter. Fairfield Bush & CO. raised its stake in Chipotle Mexican Grill by 30.8% during the fourth quarter. Fairfield Bush & CO. now owns 16,340 shares of the restaurant operator’s stock worth $985,000 after acquiring an additional 3,850 shares during the period. GKV Capital Management Co. Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter worth about $60,000. NewEdge Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 8.7% during the fourth quarter. NewEdge Advisors LLC now owns 132,724 shares of the restaurant operator’s stock valued at $8,003,000 after purchasing an additional 10,622 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its position in shares of Chipotle Mexican Grill by 9.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 23,822 shares of the restaurant operator’s stock worth $1,436,000 after purchasing an additional 2,104 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.3 %

Chipotle Mexican Grill stock opened at $48.18 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The stock has a market cap of $65.30 billion, a P/E ratio of 43.40, a P/E/G ratio of 2.04 and a beta of 1.27. The company’s fifty day simple moving average is $51.27 and its 200-day simple moving average is $56.71.

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, topping the consensus estimate 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, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on CMG shares. Barclays dropped their target price 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. Raymond James reduced their target price 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. Stephens dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Royal Bank of Canada cut their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.42.

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.