Hilltop National Bank Raises Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hilltop National Bank lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,582 shares of the restaurant operator’s stock after purchasing an additional 2,709 shares during the period. Chipotle Mexican Grill comprises 0.8% of Hilltop National Bank’s portfolio, making the stock its 26th largest holding. Hilltop National Bank’s holdings in Chipotle Mexican Grill were worth $2,688,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NINE MASTS CAPITAL Ltd bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $470,000. Acadian Asset Management LLC increased its holdings in Chipotle Mexican Grill by 12,221.1% in the 2nd quarter. Acadian Asset Management LLC now owns 60,250 shares of the restaurant operator’s stock valued at $3,773,000 after acquiring an additional 59,761 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth $123,000. Andra AP fonden boosted its holdings in shares of Chipotle Mexican Grill by 316.7% during the 2nd quarter. Andra AP fonden now owns 10,000 shares of the restaurant operator’s stock valued at $626,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of Chipotle Mexican Grill by 4,540.6% during the second quarter. Coldstream Capital Management Inc. now owns 25,384 shares of the restaurant operator’s stock valued at $1,590,000 after purchasing an additional 24,837 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now directly 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 ownership of the stock. 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 corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMG. Evercore ISI raised their price target on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Citigroup cut their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Truist Financial upped their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Get Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $0.75 during mid-day trading on Friday, hitting $57.17. 3,043,598 shares of the company’s stock traded hands, compared to its average volume of 7,121,598. The company has a market capitalization of $77.90 billion, a P/E ratio of 53.21, a P/E/G ratio of 2.64 and a beta of 1.27. The company has a fifty day moving average of $60.98 and a 200 day moving average of $80.51. Chipotle Mexican Grill, Inc. has a twelve month low of $44.53 and a twelve month high of $69.26.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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