Financial Counselors Inc. Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Financial Counselors Inc. reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,559 shares of the restaurant operator’s stock after selling 5,389 shares during the period. Financial Counselors Inc.’s holdings in Chipotle Mexican Grill were worth $12,516,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. United Bank grew its stake in Chipotle Mexican Grill by 13.7% during the 3rd quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock worth $2,123,000 after purchasing an additional 4,451 shares in the last quarter. Algert Global LLC acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $1,555,000. Brown Brothers Harriman & Co. grew its position in shares of Chipotle Mexican Grill by 5.1% during the third quarter. Brown Brothers Harriman & Co. now owns 5,308 shares of the restaurant operator’s stock worth $306,000 after buying an additional 258 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $37,000. Finally, Private Trust Co. NA raised its holdings in Chipotle Mexican Grill by 4.6% in the third quarter. Private Trust Co. NA now owns 12,346 shares of the restaurant operator’s stock valued at $711,000 after acquiring an additional 546 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CMG shares. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Oppenheimer raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the company from $58.00 to $65.00 in a report on Friday, March 14th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Stock Up 1.1 %

Shares of NYSE:CMG opened at $50.05 on Thursday. The company has a market cap of $67.83 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.55 and a fifty-two week high of $69.26. The firm’s 50-day simple moving average is $54.11 and its 200-day simple moving average is $57.61.

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, beating 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%. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.