Dark Forest Capital Management LP Sells 2,232 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dark Forest Capital Management LP lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 33.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,429 shares of the restaurant operator’s stock after selling 2,232 shares during the period. Dark Forest Capital Management LP’s holdings in Chipotle Mexican Grill were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Sound Income Strategies LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $50,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.7 %

Shares of Chipotle Mexican Grill stock opened at $50.88 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The company has a 50-day simple moving average of $50.05 and a two-hundred day simple moving average of $56.21. The stock has a market capitalization of $68.96 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CMG shares. Loop Capital dropped their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Barclays dropped their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler dropped their target price on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Royal Bank of Canada dropped their target price on 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. Finally, TD Securities dropped their target price on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.74.

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.