Achmea Investment Management B.V. Cuts Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Achmea Investment Management B.V. decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 53.9% in the 4th quarter, HoldingsChannel reports. The fund owned 59,137 shares of the restaurant operator’s stock after selling 69,023 shares during the quarter. Achmea Investment Management B.V.’s holdings in Chipotle Mexican Grill were worth $3,566,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Alpha DNA Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 1.2% in the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock valued at $786,000 after buying an additional 168 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of Chipotle Mexican Grill by 14.0% during the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after acquiring an additional 176 shares during the last quarter. Connable Office Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after acquiring an additional 178 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.5% during the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after acquiring an additional 181 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after acquiring an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMG. Jefferies Financial Group increased their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. KeyCorp decreased their price objective on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Stephens decreased their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Eight 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 data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $66.85.

Chipotle Mexican Grill Stock Up 2.8 %

CMG stock opened at $50.12 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The stock’s 50 day moving average is $55.43 and its two-hundred day moving average is $57.91. The company has a market capitalization of $67.93 billion, a PE ratio of 45.14, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. 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.