Grove Bank & Trust Has $84,000 Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Grove Bank & Trust increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,400 shares of the restaurant operator’s stock after buying an additional 250 shares during the period. Grove Bank & Trust’s holdings in Chipotle Mexican Grill were worth $84,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Edgestream Partners L.P. lifted its position in Chipotle Mexican Grill by 3,447.7% during the 2nd quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock worth $340,000 after buying an additional 5,275 shares in the last quarter. XTX Topco Ltd acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $653,000. Benjamin F. Edwards & Company Inc. lifted its position in Chipotle Mexican Grill by 4,729.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 26,613 shares of the restaurant operator’s stock valued at $1,667,000 after purchasing an additional 26,062 shares during the period. Benjamin Edwards Inc. lifted its position in Chipotle Mexican Grill by 4,187.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 686 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 670 shares during the period. Finally, AE Wealth Management LLC lifted its position in Chipotle Mexican Grill by 8,633.1% during the 2nd quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock valued at $777,000 after purchasing an additional 12,259 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Insider Buying and Selling at Chipotle Mexican Grill

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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.4 %

NYSE CMG opened at $57.52 on Tuesday. The company has a market cap of $78.38 billion, a PE ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $46.01 and a 12 month high of $69.26. The stock has a 50 day moving average of $60.91 and a 200-day moving average of $57.83.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CMG shares. Piper Sandler upped their target price 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. TD Cowen upped their target price on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI upped their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. 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 report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price target 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. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.81.

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.