Sowell Financial Services LLC Has $1.29 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sowell Financial Services LLC decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,443 shares of the restaurant operator’s stock after selling 3,791 shares during the quarter. Sowell Financial Services LLC’s holdings in Chipotle Mexican Grill were worth $1,293,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMG. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $692,701,000. Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $315,220,000. Thrivent Financial for Lutherans raised its stake in shares of Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after purchasing an additional 1,848,625 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after buying an additional 1,364,635 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Chipotle Mexican Grill by 224.2% in the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after buying an additional 1,173,207 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMG. Stephens cut their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays cut their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Wedbush lowered their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.60.

Chipotle Mexican Grill Stock Down 0.7 %

CMG stock opened at $49.86 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company has a market cap of $67.57 billion, a PE ratio of 44.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The business’s 50-day simple moving average is $56.26 and its 200 day simple moving average is $58.09.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 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.