Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Decreased by Park National Corp OH

Park National Corp OH cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,784 shares of the restaurant operator’s stock after selling 17,852 shares during the period. Park National Corp OH’s holdings in Chipotle Mexican Grill were worth $28,810,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMG. Oliver Lagore Vanvalin Investment Group raised its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. ZRC Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 384.0% in the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after buying an additional 384 shares during the period. Transcendent Capital Group LLC increased its position in shares of Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 475 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $32,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’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 sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Stock Down 1.4 %

NYSE:CMG opened at $57.97 on Wednesday. The company’s 50 day moving average is $60.90 and its 200-day moving average is $80.83. Chipotle Mexican Grill, Inc. has a 12 month low of $44.08 and a 12 month high of $69.26. The firm has a market cap of $78.99 billion, a price-to-earnings ratio of 53.96, a P/E/G ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CMG shares. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Robert W. Baird raised their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill 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.