Knights of Columbus Asset Advisors LLC Sells 2,627 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Knights of Columbus Asset Advisors LLC trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,251 shares of the restaurant operator’s stock after selling 2,627 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,427,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $371,000. Raymond James Financial Inc. bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC grew its stake in Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Chipotle Mexican Grill during the 4th quarter worth $715,000. Finally, Vinva Investment Management Ltd grew its stake in Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after buying an additional 21,864 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMG has been the topic of several research analyst reports. Wedbush dropped their target price 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. Citigroup boosted their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Raymond James dropped their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight investment 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.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Stock Down 1.0 %

Shares of CMG opened at $48.52 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26. The company has a market capitalization of $65.76 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27. The stock’s 50-day moving average price is $54.53 and its 200-day moving average price is $57.69.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly 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 return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.