Kovitz Investment Group Partners LLC Sells 1,492 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kovitz Investment Group Partners LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,617 shares of the restaurant operator’s stock after selling 1,492 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Chipotle Mexican Grill were worth $14,811,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $31,000. Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $51.93 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50 day simple moving average is $50.11 and its 200 day simple moving average is $56.29.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CMG shares. JPMorgan Chase & Co. reduced their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Raymond James reduced their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday. Finally, UBS Group dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $61.78.

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.