Bokf Na Reduces Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bokf Na cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 124,314 shares of the restaurant operator’s stock after selling 9,036 shares during the quarter. Bokf Na’s holdings in Chipotle Mexican Grill were worth $7,024,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC raised its stake 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 buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in 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 Analyst Weigh In

Several equities research analysts have commented on CMG shares. Wedbush lowered their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Sanford C. Bernstein restated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company reduced 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 investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.74.

Chipotle Mexican Grill Trading Up 1.0 %

Shares of CMG stock opened at $50.49 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The company’s 50-day moving average price is $49.84 and its 200-day moving average price is $55.87. The stock has a market cap of $68.03 billion, a price-to-earnings ratio of 45.48, a PEG ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share 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 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 business posted $13.37 EPS. Chipotle Mexican Grill’s revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict 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.