Elo Mutual Pension Insurance Co Sells 5,546 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Elo Mutual Pension Insurance Co decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,976 shares of the restaurant operator’s stock after selling 5,546 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Chipotle Mexican Grill were worth $7,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMG. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth about $31,000. Sound Income Strategies LLC boosted its position 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. Truvestments Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $37,000. Murphy & Mullick Capital Management Corp acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $38,000. Finally, Financial Life Planners bought a new stake in Chipotle Mexican Grill in the fourth quarter worth approximately $45,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 1.8 %

Shares of NYSE:CMG opened at $50.98 on Friday. The company has a 50-day moving average price of $53.97 and a two-hundred day moving average price of $57.57. Chipotle Mexican Grill, Inc. has a twelve month low of $47.55 and a twelve month high of $69.26. The firm has a market capitalization of $69.10 billion, a PE ratio of 45.92, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Evercore ISI upped their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

About Chipotle Mexican Grill

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.