Oakworth Capital Inc. Acquires Shares of 823 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 823 shares of the restaurant operator’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Chipotle Mexican Grill by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator’s stock worth $1,612,682,000 after purchasing an additional 438,007 shares during the period. Franklin Resources Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.9% in the third quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock worth $805,692,000 after buying an additional 381,873 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Chipotle Mexican Grill by 5.6% during the third quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator’s stock worth $566,439,000 after acquiring an additional 518,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Chipotle Mexican Grill by 11.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,271,318 shares of the restaurant operator’s stock valued at $476,593,000 after acquiring an additional 858,704 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Chipotle Mexican Grill by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,369 shares of the restaurant operator’s stock valued at $472,505,000 after acquiring an additional 132,756 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $57.27 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The firm has a market capitalization of $78.04 billion, a P/E ratio of 53.31, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The stock’s fifty day moving average is $60.27 and its two-hundred day moving average is $57.84.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent research reports. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Robert W. Baird lifted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday. Truist Financial lifted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Raymond James lowered their price target on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.31.

Insider Activity

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the transaction, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

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.