Transamerica Financial Advisors Inc. Reduces Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Transamerica Financial Advisors Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% in the fourth quarter, Holdings Channel reports. The fund 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 filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Allstate Corp bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $2,426,000. Brown Brothers Harriman & Co. grew its stake in shares of Chipotle Mexican Grill by 90.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 10,088 shares of the restaurant operator’s stock worth $608,000 after acquiring an additional 4,780 shares during the period. Gardner Lewis Asset Management L P purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $1,171,000. DnB Asset Management AS lifted its holdings in Chipotle Mexican Grill by 3.2% during the fourth quarter. DnB Asset Management AS now owns 244,346 shares of the restaurant operator’s stock valued at $14,734,000 after purchasing an additional 7,562 shares during the last quarter. Finally, Alerus Financial NA boosted its position in Chipotle Mexican Grill by 9.0% during the fourth quarter. Alerus Financial NA now owns 58,508 shares of the restaurant operator’s stock worth $3,528,000 after purchasing an additional 4,826 shares during the period. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $49.91 on Friday. The firm has a market cap of $67.64 billion, a P/E ratio of 44.95, a P/E/G ratio of 2.04 and a beta of 1.27. The firm’s fifty day moving average is $53.81 and its 200 day moving average is $57.54. Chipotle Mexican Grill, Inc. has a 52 week low of $47.55 and a 52 week high of $69.26.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMG. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Oppenheimer increased their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Eight investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

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.