Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Senator Investment Group LP

Senator Investment Group LP decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 97.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,170 shares of the restaurant operator’s stock after selling 718,426 shares during the period. Senator Investment Group LP’s holdings in Chipotle Mexican Grill were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CMG. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $692,701,000. Alliancebernstein L.P. boosted its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $315,220,000. Finally, Clearbridge Investments LLC boosted its position in shares of Chipotle Mexican Grill by 2,145.9% in the 4th quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator’s stock valued at $191,757,000 after purchasing an additional 3,038,460 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CMG. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Wedbush reduced their price target on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Oppenheimer increased their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Stephens lowered their target price on 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. Finally, Royal Bank of Canada dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $65.42.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $48.13 on Monday. The stock’s 50-day moving average is $50.92 and its 200-day moving average is $56.57. The company has a market cap of $65.24 billion, a P/E ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (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 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.