Prudential PLC Has $3.10 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Prudential PLC cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 51,378 shares of the restaurant operator’s stock after selling 14,900 shares during the quarter. Prudential PLC’s holdings in Chipotle Mexican Grill were worth $3,098,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $31,000. Sound Income Strategies LLC increased its stake in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $38,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMG shares. Stifel Nicolaus cut 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. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price objective for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Oppenheimer raised their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.38.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $47.29 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $46.78 and a 52-week high of $69.26. The firm has a market cap of $64.09 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27. The business’s fifty day moving average is $53.16 and its 200-day moving average is $57.33.

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, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

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.