Heartland Bank & Trust Co Cuts Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Heartland Bank & Trust Co lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,183 shares of the restaurant operator’s stock after selling 546 shares during the quarter. Heartland Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $795,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group raised its holdings in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 392 shares in the last quarter. ZRC Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 384.0% in the 3rd quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the last quarter. Transcendent Capital Group LLC raised its stake in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the third quarter valued at approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’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 sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $56.61 on Monday. The stock has a market capitalization of $77.14 billion, a PE ratio of 52.69, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $69.26. The company has a fifty day moving average of $60.64 and a two-hundred day moving average of $57.72.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price target on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Barclays boosted their price target on Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Piper Sandler increased 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 report on Wednesday, October 30th. Finally, Citigroup dropped their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.81.

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.