GLOBALT Investments LLC GA Cuts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

GLOBALT Investments LLC GA cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 53,226 shares of the restaurant operator’s stock after selling 1,702 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Chipotle Mexican Grill were worth $3,210,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CMG. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at about $31,000. Sound Income Strategies LLC increased its position in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $37,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMG. Stephens dropped 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 report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and lifted their target price for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $65.00 in a research report on Friday. Finally, KeyCorp dropped their target price on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.85.

Chipotle Mexican Grill Trading Up 2.8 %

Shares of NYSE CMG opened at $50.12 on Monday. The stock has a 50 day simple moving average of $55.43 and a 200-day simple moving average of $57.94. The company has a market cap of $67.93 billion, a PE ratio of 45.14, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month 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 for the quarter, topping 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%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.