Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,726 shares of the restaurant operator’s stock after selling 1,704 shares during the quarter. Cinctive Capital Management LP’s holdings in Chipotle Mexican Grill were worth $647,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Columbia Asset Management raised its position in shares of Chipotle Mexican Grill by 46.9% during the 4th quarter. Columbia Asset Management now owns 18,454 shares of the restaurant operator’s stock worth $1,113,000 after purchasing an additional 5,894 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $404,000. Meeder Advisory Services Inc. raised its holdings in shares of Chipotle Mexican Grill by 8.7% during the fourth quarter. Meeder Advisory Services Inc. now owns 21,721 shares of the restaurant operator’s stock valued at $1,310,000 after acquiring an additional 1,740 shares during the last quarter. Scholtz & Company LLC lifted its position in shares of Chipotle Mexican Grill by 1.5% in the fourth quarter. Scholtz & Company LLC now owns 198,277 shares of the restaurant operator’s stock valued at $11,956,000 after acquiring an additional 2,962 shares in the last quarter. Finally, Groupama Asset Managment boosted its stake in shares of Chipotle Mexican Grill by 37.6% in the fourth quarter. Groupama Asset Managment now owns 292,163 shares of the restaurant operator’s stock worth $17,556,000 after acquiring an additional 79,808 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday. Raymond James decreased their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $50.02 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a market cap of $67.79 billion, a P/E ratio of 45.05, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a 50-day simple moving average of $53.35 and a 200-day simple moving average of $57.41.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 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%. On average, equities research analysts predict 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.