Man Group plc Sells 921,189 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Man Group plc decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.9% in the fourth quarter, Holdings Channel reports. The firm owned 2,509,341 shares of the restaurant operator’s stock after selling 921,189 shares during the quarter. Chipotle Mexican Grill accounts for about 0.4% of Man Group plc’s portfolio, making the stock its 26th biggest position. Man Group plc’s holdings in Chipotle Mexican Grill were worth $151,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $31,000. Sound Income Strategies LLC lifted its position in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $38,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at about $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CMG shares. Evercore ISI lowered their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Argus downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Royal Bank of Canada decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Finally, KeyCorp reduced their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Chipotle Mexican Grill Trading Down 0.2%

Shares of NYSE CMG opened at $50.66 on Wednesday. The stock has a market capitalization of $68.26 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock’s fifty day simple moving average is $49.59 and its two-hundred day simple moving average is $55.57. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $13.37 EPS. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.