Federated Hermes Inc. Sells 233,777 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Federated Hermes Inc. trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,404,854 shares of the restaurant operator’s stock after selling 233,777 shares during the quarter. Federated Hermes Inc. owned approximately 0.10% of Chipotle Mexican Grill worth $84,713,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill in the fourth quarter worth $31,000. Sound Income Strategies LLC boosted its holdings 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 valued at $36,000 after buying an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $38,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $47.29 on Monday. The stock has a 50-day simple moving average of $53.16 and a two-hundred day simple moving average of $57.33. The firm has a market capitalization of $64.09 billion, a PE ratio of 42.59, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $44.99 and a 52-week high of $69.26.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CMG shares. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Jefferies Financial Group lifted their price target 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. Finally, Citigroup cut their price objective on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

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.