Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Raised by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,786 shares of the restaurant operator’s stock after acquiring an additional 886 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Chipotle Mexican Grill were worth $1,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Shellback Capital LP lifted its holdings in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock valued at $7,831,000 after buying an additional 122,500 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Chipotle Mexican Grill by 5,897.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after acquiring an additional 48,126 shares during the last quarter. L & S Advisors Inc purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at $3,256,000. Optas LLC increased its stake in Chipotle Mexican Grill by 318.5% in the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after purchasing an additional 13,060 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $758,000. 91.31% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded down $0.45 on Monday, hitting $56.05. 2,744,438 shares of the stock were exchanged, compared to its average volume of 7,569,980. Chipotle Mexican Grill, Inc. has a 52 week low of $45.50 and a 52 week high of $69.26. The company’s 50-day moving average price is $60.94 and its 200 day moving average price is $58.00. The stock has a market capitalization of $76.37 billion, a price-to-earnings ratio of 52.17, a P/E/G ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on CMG. Robert W. Baird raised their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Stephens reiterated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. Piper Sandler lifted their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.81.

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.