Keybank National Association OH Trims Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Keybank National Association OH reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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.

A number of other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $371,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 155.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Chipotle Mexican Grill during the 4th quarter worth about $715,000. Hantz Financial Services Inc. boosted its stake in Chipotle Mexican Grill by 5,897.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock worth $2,820,000 after purchasing an additional 48,126 shares during the period. Finally, L & S Advisors Inc purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $3,256,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $70.00 in a report on Monday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and boosted their price target for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Evercore ISI boosted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.60.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.3 %

Chipotle Mexican Grill stock opened at $53.10 on Wednesday. The firm has a fifty day simple moving average of $57.05 and a two-hundred day simple moving average of $58.14. Chipotle Mexican Grill, Inc. has a twelve month low of $47.98 and a twelve month high of $69.26. The company has a market capitalization of $71.96 billion, a PE ratio of 47.82, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released 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%. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.