Citizens & Northern Corp Increases Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Citizens & Northern Corp grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,598 shares of the restaurant operator’s stock after acquiring an additional 1,694 shares during the quarter. Chipotle Mexican Grill comprises approximately 1.0% of Citizens & Northern Corp’s portfolio, making the stock its 20th biggest position. Citizens & Northern Corp’s holdings in Chipotle Mexican Grill were worth $3,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Alpha DNA Investment Management LLC grew its stake in Chipotle Mexican Grill by 1.2% during the third quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock valued at $786,000 after acquiring an additional 168 shares in the last quarter. Lecap Asset Management Ltd. boosted its holdings in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock valued at $843,000 after purchasing an additional 175 shares during the last quarter. Connable Office Inc. boosted its stake in Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock valued at $1,840,000 after buying an additional 178 shares during the last quarter. Traynor Capital Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock worth $454,000 after acquiring an additional 181 shares in the last quarter. Finally, BTC Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.9% in the fourth quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock valued at $601,000 after purchasing an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Stephens dropped their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group boosted their target price 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. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $57.06 on Tuesday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The business has a fifty day moving average price of $59.50 and a 200-day moving average price of $58.14. The stock has a market capitalization of $77.74 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 2.14 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.