Moody National Bank Trust Division Sells 1,161 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Moody National Bank Trust Division cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,576 shares of the restaurant operator’s stock after selling 1,161 shares during the quarter. Moody National Bank Trust Division’s holdings in Chipotle Mexican Grill were worth $1,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. DekaBank Deutsche Girozentrale raised its holdings in shares of Chipotle Mexican Grill by 3,824.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 317,175 shares of the restaurant operator’s stock valued at $20,026,000 after purchasing an additional 309,093 shares during the last quarter. Parallel Advisors LLC grew its position in Chipotle Mexican Grill by 5,296.6% in the second quarter. Parallel Advisors LLC now owns 20,885 shares of the restaurant operator’s stock valued at $1,308,000 after purchasing an additional 20,498 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Chipotle Mexican Grill by 5,360.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 9,010 shares of the restaurant operator’s stock valued at $564,000 after buying an additional 8,845 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Chipotle Mexican Grill by 4,397.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,667,522 shares of the restaurant operator’s stock worth $229,770,000 after buying an additional 3,585,979 shares in the last quarter. Finally, Prosperity Consulting Group LLC boosted its stake in shares of Chipotle Mexican Grill by 5,071.4% during the 2nd quarter. Prosperity Consulting Group LLC now owns 3,620 shares of the restaurant operator’s stock worth $227,000 after buying an additional 3,550 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $56.24 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $45.50 and a 52 week high of $69.26. The stock’s fifty day moving average is $60.94 and its 200 day moving average is $57.96. The stock has a market capitalization of $76.63 billion, a P/E ratio of 52.35, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of several analyst reports. Robert W. Baird upped their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Wedbush restated an “outperform” rating and set a $69.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $66.81.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction on 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Company 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.