Bremer Bank National Association Has $8.95 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Bremer Bank National Association lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 148,450 shares of the restaurant operator’s stock after acquiring an additional 1,205 shares during the quarter. Chipotle Mexican Grill makes up approximately 1.8% of Bremer Bank National Association’s portfolio, making the stock its 13th biggest position. Bremer Bank National Association’s holdings in Chipotle Mexican Grill were worth $8,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Shellback Capital LP lifted its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Shellback Capital LP now owns 125,000 shares of the restaurant operator’s stock worth $7,831,000 after buying an additional 122,500 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in 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 worth $2,820,000 after buying an additional 48,126 shares in the last quarter. L & S Advisors Inc acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth $3,256,000. Optas LLC lifted its holdings in Chipotle Mexican Grill by 318.5% during the 3rd quarter. Optas LLC now owns 17,160 shares of the restaurant operator’s stock worth $989,000 after buying an additional 13,060 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $758,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $57.52 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $46.01 and a 52-week high of $69.26. The company has a market capitalization of $78.38 billion, a P/E ratio of 53.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The company has a 50-day simple moving average of $60.91 and a 200 day simple moving average of $57.85.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $0.23 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 30th. BMO Capital Markets increased their price target 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. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. 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. Finally, Royal Bank of Canada increased their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $66.81.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

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.