Keybank National Association OH Sells 3,274 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Keybank National Association OH reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 227,300 shares of the restaurant operator’s stock after selling 3,274 shares during the quarter. Keybank National Association OH’s holdings in Chipotle Mexican Grill were worth $13,706,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at $692,701,000. Thrivent Financial for Lutherans lifted its position in shares of Chipotle Mexican Grill by 674.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after purchasing an additional 1,848,625 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock valued at $142,398,000 after purchasing an additional 1,364,635 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 224.2% during the third quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock valued at $97,750,000 after buying an additional 1,173,207 shares during the period. Finally, Premier Fund Managers Ltd bought a new position in Chipotle Mexican Grill in the third quarter worth about $57,335,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $53.10 on Wednesday. The stock has a market capitalization of $71.96 billion, a price-to-earnings ratio of 47.82, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1-year low of $47.98 and a 1-year high of $69.26. The business’s fifty day moving average price is $57.05 and its 200-day moving average price is $58.14.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Insider Buying and Selling

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

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.