Zions Bancorporation N.A. Has $377,000 Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Zions Bancorporation N.A. grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.1% in the 4th quarter, Holdings Channel reports. The firm owned 6,260 shares of the restaurant operator’s stock after acquiring an additional 1,092 shares during the quarter. Zions Bancorporation N.A.’s holdings in Chipotle Mexican Grill were worth $377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth $31,000. Sound Income Strategies LLC raised its position in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 555 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $37,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup boosted their price target on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of 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. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $50.05 on Thursday. The business’s fifty day moving average is $54.11 and its 200-day moving average is $57.61. The stock has a market capitalization of $67.83 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26.

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 net margin of 13.56% and a return on equity of 42.92%. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.