Transamerica Financial Advisors Inc. Sells 1,866 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Transamerica Financial Advisors Inc. trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,618 shares of the restaurant operator’s stock after selling 1,866 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $4,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Raymond James Financial Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter worth $315,220,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in 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 worth $142,398,000 after buying an additional 1,364,635 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Chipotle Mexican Grill by 11.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after buying an additional 858,704 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $49.91 on Friday. The company has a fifty day moving average price of $53.81 and a 200-day moving average price of $57.54. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The firm has a market cap of $67.64 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMG. Loop Capital raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Evercore ISI upped their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. KeyCorp decreased their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.67.

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.