Edgewood Management LLC Sells 1,561,143 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Edgewood Management LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,770,476 shares of the restaurant operator’s stock after selling 1,561,143 shares during the period. Chipotle Mexican Grill accounts for approximately 3.4% of Edgewood Management LLC’s investment portfolio, making the stock its 17th biggest holding. Edgewood Management LLC’s holdings in Chipotle Mexican Grill were worth $1,192,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Chipotle Mexican Grill during the 4th quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $692,701,000. Alliancebernstein L.P. lifted its stake in shares of Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $315,220,000. Finally, Clearbridge Investments LLC boosted its holdings in Chipotle Mexican Grill by 2,145.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator’s stock valued at $191,757,000 after acquiring an additional 3,038,460 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CMG shares. Stifel Nicolaus lowered their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Barclays decreased their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Raymond James dropped their price objective 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. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.38.

Chipotle Mexican Grill Stock Down 5.6 %

Shares of NYSE:CMG opened at $47.29 on Friday. The stock has a market cap of $64.09 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.04 and a beta of 1.27. The business’s 50 day moving average is $53.16 and its 200 day moving average is $57.33. Chipotle Mexican Grill, Inc. has a 12-month low of $46.78 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill 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.