Chipotle Mexican Grill, Inc. $CMG Shares Sold by F m Investments LLC

F m Investments LLC trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,566 shares of the restaurant operator’s stock after selling 30,017 shares during the quarter. F m Investments LLC’s holdings in Chipotle Mexican Grill were worth $5,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC lifted its position in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the period. Trueblood Wealth Management LLC lifted its position in Chipotle Mexican Grill by 4.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock worth $224,000 after acquiring an additional 253 shares during the period. Centurion Wealth Management LLC lifted its position in Chipotle Mexican Grill by 3.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 260 shares during the period. City State Bank lifted its position in Chipotle Mexican Grill by 13.4% during the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 275 shares during the period. Finally, Cromwell Holdings LLC lifted its holdings in shares of Chipotle Mexican Grill by 7.4% in the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after buying an additional 295 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. DA Davidson assumed coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They issued a “buy” rating and a $51.00 price target for the company. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Mizuho raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $37.00 to $40.00 in a research report on Friday, March 20th. BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Citigroup raised their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.03.

Chipotle Mexican Grill Trading Down 2.5%

Shares of Chipotle Mexican Grill stock opened at $32.43 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The stock has a market capitalization of $41.60 billion, a P/E ratio of 29.75, a PEG ratio of 2.14 and a beta of 1.03. The business’s fifty day moving average price is $34.13 and its 200 day moving average price is $35.71.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.