Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Field & Main Bank

Field & Main Bank increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 63.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,880 shares of the restaurant operator’s stock after purchasing an additional 3,837 shares during the period. Field & Main Bank’s holdings in Chipotle Mexican Grill were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpha DNA Investment Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.2% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator’s stock worth $786,000 after buying an additional 168 shares during the period. Lecap Asset Management Ltd. raised its position in Chipotle Mexican Grill by 1.2% during the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator’s stock worth $843,000 after acquiring an additional 175 shares during the period. Connable Office Inc. raised its position in Chipotle Mexican Grill by 0.6% during the third quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator’s stock worth $1,840,000 after acquiring an additional 178 shares during the period. Albion Financial Group UT lifted its holdings in Chipotle Mexican Grill by 14.4% during the third quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 180 shares in the last quarter. Finally, Traynor Capital Management Inc. grew its position in shares of Chipotle Mexican Grill by 2.5% in the fourth quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after purchasing an additional 181 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 0.6 %

CMG stock opened at $58.20 on Wednesday. The firm has a 50 day moving average of $60.61 and a 200-day moving average of $57.72. The company has a market cap of $79.30 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.88 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CMG has been the topic of several research reports. Evercore ISI raised their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Loop Capital increased their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, November 12th. Finally, Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.88.

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.