Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Cut by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 51.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,799,733 shares of the restaurant operator’s stock after selling 4,046,532 shares during the period. Artisan Partners Limited Partnership’s holdings in Chipotle Mexican Grill were worth $229,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $31,000. Sound Income Strategies LLC increased its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth $37,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $38,000. Finally, Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CMG shares. Raymond James lowered their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Wedbush cut their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group boosted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Up 1.1 %

Shares of Chipotle Mexican Grill stock opened at $50.05 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The business has a 50 day moving average of $54.11 and a 200 day moving average of $57.61. The company has a market cap of $67.83 billion, a PE ratio of 45.08, a P/E/G ratio of 2.04 and a beta of 1.27.

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

Chipotle Mexican Grill Company 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.