Crossmark Global Holdings Inc. Has $3.97 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Crossmark Global Holdings Inc. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,788 shares of the restaurant operator’s stock after selling 200 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Chipotle Mexican Grill were worth $3,967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. AE Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 8,633.1% in the 2nd quarter. AE Wealth Management LLC now owns 12,401 shares of the restaurant operator’s stock valued at $777,000 after buying an additional 12,259 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Chipotle Mexican Grill by 464.5% in the second quarter. Thrivent Financial for Lutherans now owns 274,153 shares of the restaurant operator’s stock valued at $17,175,000 after acquiring an additional 225,589 shares during the last quarter. Public Sector Pension Investment Board raised its position in Chipotle Mexican Grill by 8,266.2% during the second quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after purchasing an additional 50,341 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Chipotle Mexican Grill by 5,714.0% during the second quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after purchasing an additional 4,914 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Chipotle Mexican Grill by 3,633.9% in the 2nd quarter. Bank of Montreal Can now owns 1,418,998 shares of the restaurant operator’s stock valued at $88,900,000 after purchasing an additional 1,380,995 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CMG shares. Citigroup dropped their price objective on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. BMO Capital Markets raised 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 note on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $69.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday. 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 presently has an average rating of “Moderate Buy” and an average target price of $66.81.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was 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 directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $55.93 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $46.01 and a 1 year high of $69.26. The business’s 50-day moving average is $60.79 and its 200-day moving average is $57.75. The company has a market capitalization of $76.21 billion, a price-to-earnings ratio of 52.06, a P/E/G ratio of 1.94 and a beta of 1.27.

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

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.