EP Wealth Advisors LLC Lowers Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

EP Wealth Advisors LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,082 shares of the restaurant operator’s stock after selling 11,231 shares during the quarter. EP Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CMG. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC grew its stake in 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 worth $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 during the 4th quarter valued at $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. purchased a new position in Chipotle Mexican Grill in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Argus downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Royal Bank of Canada dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Stephens reiterated an “equal weight” rating and set a $49.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday. Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.74.

Chipotle Mexican Grill Price Performance

CMG opened at $49.77 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The stock has a 50-day moving average price of $49.67 and a 200-day moving average price of $55.71. The firm has a market cap of $67.06 billion, a PE ratio of 44.83, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted $13.37 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.