Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,950 shares of the restaurant operator’s stock after selling 88,950 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Chipotle Mexican Grill were worth $5,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC raised 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 worth $36,000 after buying an additional 555 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $37,000. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 4th quarter valued at approximately $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of a number of research reports. Citigroup boosted their target price on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $70.00 in a report on Monday, March 3rd. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a report 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. Finally, JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Eight equities 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 has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $49.62 on Tuesday. The stock has a 50 day moving average price of $54.40 and a 200 day moving average price of $57.70. 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 $67.25 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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.

Chipotle Mexican Grill Company 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.