United Capital Financial Advisors LLC Sells 7,307 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

United Capital Financial Advisors LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,449 shares of the restaurant operator’s stock after selling 7,307 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,655,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC grew its position in shares of Chipotle Mexican Grill by 1,110.0% in 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 during the last quarter. 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 bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $50,000. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 0.1 %

CMG stock opened at $48.13 on Friday. The stock has a 50-day simple moving average of $50.92 and a two-hundred day simple moving average of $56.58. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The firm has a market capitalization of $65.24 billion, a PE ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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 net margin of 13.56% and a return on equity of 42.92%. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of 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. KeyCorp decreased their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler decreased their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Wedbush dropped their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.42.

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.