Hancock Whitney Corp Sells 310 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hancock Whitney Corp cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 32,338 shares of the restaurant operator’s stock after selling 310 shares during the period. Hancock Whitney Corp’s holdings in Chipotle Mexican Grill were worth $1,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CMG. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $31,000. Sound Income Strategies LLC increased its position in Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $38,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $50,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Citigroup reduced their price target on Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday. KeyCorp cut their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, UBS Group decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.96.

Chipotle Mexican Grill Stock Up 1.5 %

Shares of CMG opened at $49.50 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The company has a market capitalization of $67.09 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 2.04 and a beta of 1.27. The stock’s 50-day moving average price is $50.16 and its 200-day moving average price is $56.33.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.