Atalanta Sosnoff Capital LLC Trims Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Atalanta Sosnoff Capital LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 602,932 shares of the restaurant operator’s stock after selling 9,271 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Chipotle Mexican Grill were worth $36,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $31,000. Sound Income Strategies LLC lifted its holdings in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $38,000. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer increased their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. TD Securities cut their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Piper Sandler lowered their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Truist Financial cut their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $51.58 on Friday. The firm has a 50 day simple moving average of $49.95 and a 200-day simple moving average of $56.01. The stock has a market cap of $69.50 billion, a price-to-earnings ratio of 46.46, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business posted $13.37 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.