Belpointe Asset Management LLC Trims Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Belpointe Asset Management LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,421 shares of the restaurant operator’s stock after selling 8,177 shares during the period. Belpointe Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC increased its holdings in Chipotle Mexican Grill by 7.1% during the third quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator’s stock valued at $1,505,000 after buying an additional 1,724 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in Chipotle Mexican Grill by 1,597.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator’s stock worth $3,814,000 after purchasing an additional 62,288 shares during the period. World Investment Advisors LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at $4,709,000. Arvest Bank Trust Division bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $359,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $668,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.1 %

NYSE:CMG opened at $48.13 on Friday. The company has a market cap of $65.24 billion, a price-to-earnings ratio of 43.36, 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 $44.46 and a twelve month high of $69.26. The stock has a fifty day simple moving average of $51.08 and a 200-day simple moving average of $56.64.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMG. Oppenheimer boosted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. KeyCorp lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday. 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 research note on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, UBS Group cut their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.42.

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.