Meiji Yasuda Life Insurance Co Reduces Stake in Chipotle Mexican Grill
Meiji Yasuda Life Insurance Co lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,642 shares of the restaurant operator’s stock after selling 32,634 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Chipotle Mexican Grill were worth $9,265,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CMG. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the fourth quarter worth $31,000. Sound Income Strategies LLC lifted its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $38,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $50,000.
Analysts have recently weighed in 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. Royal Bank of Canada dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.
Chipotle Mexican Grill, Inc. has a market capitalization of $67.78 billion, a PE ratio of 45.32, and a beta of 1.27. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%.
