DLK Investment Management LLC Sells 30,083 Shares of Chipotle Mexican Grill, Inc. $CMG

DLK Investment Management LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,218 shares of the restaurant operator’s stock after selling 30,083 shares during the quarter. DLK Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $2,635,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CMG. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth $25,000. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill in the third quarter worth $25,000. Salomon & Ludwin LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter worth $26,000. Finally, Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at $28,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $30.85 on Friday. The firm has a fifty day moving average price of $36.70 and a 200 day moving average price of $36.94. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The firm has a market cap of $40.18 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Chipotle Mexican Grill’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMG shares. Truist Financial increased their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 8th. TD Cowen reaffirmed a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, March 20th. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Morgan Stanley reduced their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.47.

Chipotle Mexican Grill Company Profile

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.