EP Wealth Advisors LLC Sells 11,231 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

EP Wealth Advisors LLC cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,082 shares of the restaurant operator’s stock after selling 11,231 shares during the quarter. EP Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,055,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $371,000. Raymond James Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $315,220,000. U.S. Capital Wealth Advisors LLC raised its position in shares of Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after purchasing an additional 9,070 shares during the period. Vinva Investment Management Ltd lifted its holdings in shares of Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at $715,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on CMG shares. Raymond James lowered their price objective on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.74.

Chipotle Mexican Grill Trading Down 3.3 %

Chipotle Mexican Grill stock opened at $49.77 on Friday. The firm has a market capitalization of $67.06 billion, a price-to-earnings ratio of 44.83, a P/E/G ratio of 2.04 and a beta of 1.11. The firm has a 50 day simple moving average of $49.67 and a 200 day simple moving average of $55.71. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company posted $13.37 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.