Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Coastline Trust Co

Coastline Trust Co decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,238 shares of the restaurant operator’s stock after selling 1,293 shares during the period. Coastline Trust Co’s holdings in Chipotle Mexican Grill were worth $1,341,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC boosted its position in Chipotle Mexican Grill by 7.1% during the third quarter. Anchor Investment Management LLC now owns 26,116 shares of the restaurant operator’s stock worth $1,505,000 after acquiring an additional 1,724 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in Chipotle Mexican Grill by 1,597.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 66,188 shares of the restaurant operator’s stock worth $3,814,000 after purchasing an additional 62,288 shares in the last quarter. World Investment Advisors LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $4,709,000. Arvest Bank Trust Division purchased a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $359,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Chipotle Mexican Grill in the third quarter valued at $668,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMG. Wells Fargo & Company cut their target price on 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. Citigroup reduced their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Robert W. Baird cut their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price target for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Finally, Wedbush dropped their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

Chipotle Mexican Grill Trading Up 0.1 %

Shares of CMG opened at $48.13 on Friday. The company has a market capitalization of $65.24 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The stock has a 50 day moving average of $50.92 and a 200 day moving average of $56.58.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping 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 predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.