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

Crossmark Global Holdings Inc. reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 65,788 shares of the restaurant operator’s stock after selling 200 shares during the period. Crossmark Global Holdings Inc.’s holdings in Chipotle Mexican Grill were worth $3,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Royal Fund Management LLC boosted its stake in Chipotle Mexican Grill by 4.7% during the 4th quarter. Royal Fund Management LLC now owns 35,662 shares of the restaurant operator’s stock valued at $2,150,000 after purchasing an additional 1,609 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Chipotle Mexican Grill by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 15,648 shares of the restaurant operator’s stock valued at $944,000 after buying an additional 555 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $228,000. Harbor Investment Advisory LLC raised its position in Chipotle Mexican Grill by 4.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 37,979 shares of the restaurant operator’s stock valued at $2,290,000 after buying an additional 1,550 shares during the last quarter. Finally, Overbrook Management Corp bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $8,414,000. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Royal Bank of Canada increased their target price 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. Finally, Piper Sandler lifted their price target on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $55.93 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $46.01 and a 52-week high of $69.26. The stock has a fifty day moving average of $60.79 and a 200 day moving average of $57.75. The firm 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 data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.79 billion during 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%. Chipotle Mexican Grill’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated 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. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.