Carroll Investors cut its Chipotle stake by 7.2%, but the stock still has a "Moderate Buy" rating.

Carroll Investors Inc reduced its stake in Chipotle Mexican Grill by 7.2%, now holding 266,602 shares, which is about 9.1% of the firm's holdings. Despite this, Chipotle recently reported earnings per share of $0.25, beating analysts' estimates. KeyCorp lowered its price target to $60, but the stock has a "Moderate Buy" rating with an average target price of $65.60. The stock's price has ranged from $44.46 to $69.26 over the past year.