Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230,558 shares of the restaurant operator’s stock after selling 760 shares during the quarter. Chipotle Mexican Grill makes up 0.6% of Shell Asset Management Co.’s holdings, making the stock its 22nd largest holding. Shell Asset Management Co.’s holdings in Chipotle Mexican Grill were worth $13,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $31,000. Sound Income Strategies LLC boosted its position 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 worth $36,000 after buying an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $38,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Truist Financial lowered their target price on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Barclays lowered 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 note on Tuesday, April 22nd. Cfra raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $59.00 to $73.00 in a research report on Wednesday, February 5th. 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 research report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.74.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $52.02 on Friday. The firm has a market cap of $70.09 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The firm’s fifty day moving average is $49.68 and its 200-day moving average is $55.48. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Chipotle Mexican Grill’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $13.37 earnings per share. Sell-side 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.