Smith Moore & CO. Trims Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Smith Moore & CO. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,253 shares of the restaurant operator’s stock after selling 250 shares during the quarter. Smith Moore & CO.’s holdings in Chipotle Mexican Grill were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $31,000. Sound Income Strategies LLC increased its position in 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 during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $50,000. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CMG. Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Stephens reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $47.29 on Friday. The stock has a 50 day moving average price of $53.16 and a 200 day moving average price of $57.33. Chipotle Mexican Grill, Inc. has a one year low of $46.78 and a one year high of $69.26. The stock has a market capitalization of $64.09 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 net margin of 13.56% and a return on equity of 42.92%. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.