Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,345 shares of the restaurant operator’s stock after selling 12,488 shares during the period. Rockefeller Capital Management L.P.’s holdings in Chipotle Mexican Grill were worth $9,924,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Sterling Capital Management LLC increased its position in Chipotle Mexican Grill by 6.2% during the fourth quarter. Sterling Capital Management LLC now owns 146,302 shares of the restaurant operator’s stock worth $8,822,000 after buying an additional 8,579 shares in the last quarter. Covestor Ltd boosted its stake in shares of Chipotle Mexican Grill by 9.0% during the fourth quarter. Covestor Ltd now owns 4,540 shares of the restaurant operator’s stock valued at $274,000 after acquiring an additional 373 shares during the last quarter. Argent Trust Co increased its position in Chipotle Mexican Grill by 7.5% during the 4th quarter. Argent Trust Co now owns 14,400 shares of the restaurant operator’s stock worth $868,000 after purchasing an additional 1,000 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Chipotle Mexican Grill by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 645,020 shares of the restaurant operator’s stock valued at $38,895,000 after purchasing an additional 4,920 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 13.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 7,310 shares of the restaurant operator’s stock valued at $441,000 after purchasing an additional 840 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $48.18 on Thursday. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The stock has a market cap of $65.30 billion, a P/E ratio of 43.40, a PEG ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average of $51.27 and a two-hundred day moving average of $56.71.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CMG. Wells Fargo & Company lowered their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Raymond James lowered 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. KeyCorp reduced their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada dropped their target price on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday. Eight research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.