Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Lowered by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 28,775 shares of the restaurant operator’s stock after selling 749 shares during the period. Gratus Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,735,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 8.7% in the fourth quarter. NewEdge Advisors LLC now owns 132,724 shares of the restaurant operator’s stock valued at $8,003,000 after buying an additional 10,622 shares in the last quarter. Insigneo Advisory Services LLC raised its position in shares of Chipotle Mexican Grill by 9.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 23,822 shares of the restaurant operator’s stock worth $1,436,000 after purchasing an additional 2,104 shares during the period. Finward Bancorp purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $1,111,000. Anchor Investment Management LLC boosted its position in shares of Chipotle Mexican Grill by 4.0% in the 4th quarter. Anchor Investment Management LLC now owns 27,149 shares of the restaurant operator’s stock valued at $1,637,000 after purchasing an additional 1,033 shares during the period. Finally, Kane Investment Management Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $1,210,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $48.18 on Thursday. The stock has a market capitalization of $65.30 billion, a PE ratio of 43.40, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a 50-day simple moving average of $51.27 and a 200 day simple moving average of $56.71. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate 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 research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Citigroup reduced 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, April 2nd. Royal Bank of Canada reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Monday. KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday. Stephens reduced their target price on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Oppenheimer lifted their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. 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’s stock. Based on data from MarketBeat.com, the company has a consensus 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.