Kesler Norman & Wride LLC Sells 7,758 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Kesler Norman & Wride LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 63.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,533 shares of the restaurant operator’s stock after selling 7,758 shares during the period. Kesler Norman & Wride LLC’s holdings in Chipotle Mexican Grill were worth $273,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Tortoise Investment Management LLC lifted its holdings in Chipotle Mexican Grill by 14.0% during the fourth 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. lifted its stake in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 181 shares during the last quarter. BTC Capital Management Inc. boosted its position in 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 valued at $601,000 after purchasing an additional 184 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in 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 purchasing an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised 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 worth $310,000 after purchasing an additional 218 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Jefferies Financial Group raised their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their target price 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. Citigroup lowered their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Eight research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

Chipotle Mexican Grill Stock Performance

CMG opened at $52.04 on Thursday. The company has a fifty day moving average of $53.50 and a two-hundred day moving average of $57.46. The stock has a market capitalization of $70.53 billion, a price-to-earnings ratio of 46.87, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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%. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.