Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 53.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 215,295 shares of the restaurant operator’s stock after selling 250,799 shares during the period. Cibc World Markets Corp’s holdings in Chipotle Mexican Grill were worth $12,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter valued at $31,000. Sound Income Strategies LLC boosted its stake 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 worth $36,000 after acquiring an additional 555 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $37,000. Financial Life Planners purchased 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 Chipotle Mexican Grill in the 4th quarter worth about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.8 %

NYSE:CMG opened at $49.61 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26. The stock’s fifty day moving average is $55.25 and its two-hundred day moving average is $57.89. The company has a market capitalization of $67.24 billion, a P/E ratio of 44.69, a P/E/G ratio of 2.04 and a beta of 1.27.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMG. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Wedbush reduced their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.85.

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.