Chipotle Mexican Grill, Inc. $CMG Shares Sold by Bokf Na

Bokf Na trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 47,607 shares of the restaurant operator’s stock after selling 28,825 shares during the period. Bokf Na’s holdings in Chipotle Mexican Grill were worth $1,761,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMG. Bank of Nova Scotia boosted its stake in Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after purchasing an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $1,597,000. Harbour Trust & Investment Management Co bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $3,967,000. Crescent Park Management L.P. acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth about $5,911,000. Finally, WINTON GROUP Ltd grew its position in Chipotle Mexican Grill by 269.6% in the third quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after purchasing an additional 277,090 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday. DA Davidson started coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They issued a “buy” rating and a $51.00 price objective for the company. Morgan Stanley reduced their target price on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.03.

Chipotle Mexican Grill Stock Down 2.5%

Shares of Chipotle Mexican Grill stock opened at $32.43 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The business has a 50 day moving average price of $34.13 and a 200-day moving average price of $35.71. The company has a market cap of $41.60 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.