Hancock Whitney Corp grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,648 shares of the restaurant operator’s stock after purchasing an additional 748 shares during the period. Hancock Whitney Corp’s holdings in Chipotle Mexican Grill were worth $1,881,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. American Century Companies Inc. grew its holdings in Chipotle Mexican Grill by 4,732.3% during the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock worth $1,264,109,000 after acquiring an additional 19,759,754 shares during the period. Legal & General Group Plc boosted its position in shares of Chipotle Mexican Grill by 5,209.5% during the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock worth $645,930,000 after purchasing an additional 10,139,174 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Chipotle Mexican Grill by 4,816.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after purchasing an additional 8,186,198 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock valued at $472,505,000 after purchasing an additional 132,756 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Stock Down 0.0 %
CMG stock opened at $61.99 on Tuesday. The company has a market cap of $84.47 billion, a price-to-earnings ratio of 57.70, a PEG ratio of 2.49 and a beta of 1.26. The business has a fifty day simple moving average of $58.54 and a 200-day simple moving average of $81.16. Chipotle Mexican Grill, Inc. has a 52 week low of $43.66 and a 52 week high of $69.26.
Insider Activity at Chipotle Mexican Grill
In related news, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. This represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This represents a 4.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,290 shares of company stock worth $1,866,023. Company insiders own 1.02% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on CMG. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price objective on 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. Stephens reiterated an “equal weight” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Loop Capital upped their target price on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.27.
About Chipotle Mexican Grill
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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