CIBC Private Wealth Group LLC Trims Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

CIBC Private Wealth Group LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,510,992 shares of the restaurant operator’s stock after selling 95,635 shares during the period. CIBC Private Wealth Group LLC owned 0.26% of Chipotle Mexican Grill worth $203,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $371,000. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth about $315,220,000. U.S. Capital Wealth Advisors LLC increased its position in Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $715,000. Finally, Vinva Investment Management Ltd lifted its position in shares of Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares during the period. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.0 %

Shares of NYSE CMG opened at $49.91 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.55 and a 52-week high of $69.26. The company’s 50-day simple moving average is $53.81 and its 200-day simple moving average is $57.56. The firm has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Barclays reduced their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Stephens decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

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.