PFG Advisors Trims Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

PFG Advisors reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,634 shares of the restaurant operator’s stock after selling 1,726 shares during the quarter. PFG Advisors’ holdings in Chipotle Mexican Grill were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Chipotle Mexican Grill by 1.6% during the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock valued at $1,612,682,000 after acquiring an additional 438,007 shares in the last quarter. Franklin Resources Inc. raised its position in Chipotle Mexican Grill by 2.9% during the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after acquiring an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $692,701,000. Janus Henderson Group PLC raised its position in Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock valued at $566,439,000 after acquiring an additional 518,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Chipotle Mexican Grill by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,488,635 shares of the restaurant operator’s stock valued at $511,865,000 after acquiring an additional 288,266 shares in the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James cut their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Citigroup boosted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Finally, Wedbush cut their price objective on 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. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.85.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $50.12 on Friday. The stock has a market cap of $67.93 billion, a P/E ratio of 45.14, a P/E/G ratio of 2.04 and a beta of 1.27. The stock’s 50 day simple moving average is $55.43 and its 200-day simple moving average is $57.91. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 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 expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.