National Bank of Canada FI Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

National Bank of Canada FI reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 780,502 shares of the restaurant operator’s stock after selling 50,380 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Chipotle Mexican Grill worth $47,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMG. Tortoise Investment Management LLC increased its stake in Chipotle Mexican Grill by 14.0% during the 4th quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock worth $87,000 after buying an additional 176 shares during the period. Traynor Capital Management Inc. grew its stake in shares of Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after acquiring an additional 181 shares in the last quarter. BTC Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock worth $601,000 after acquiring an additional 184 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares in the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock valued at $310,000 after purchasing an additional 218 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $51.67 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The stock has a market capitalization of $70.03 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 2.04 and a beta of 1.27. The company has a 50-day simple moving average of $53.58 and a 200-day simple moving average of $57.50.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating 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%. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KeyCorp cut their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Finally, Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Eight 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 stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target 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.