CHICAGO TRUST Co NA Sells 886 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

CHICAGO TRUST Co NA reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,900 shares of the restaurant operator’s stock after selling 886 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Chipotle Mexican Grill were worth $1,300,000 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. Alliancebernstein L.P. boosted its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Geode Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock worth $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the period. Norges Bank bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $1,093,345,000. Finally, Northern Trust Corp boosted its stake in Chipotle Mexican Grill by 11.1% in the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator’s stock valued at $870,918,000 after purchasing an additional 1,438,860 shares during the period. 91.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMG shares. UBS Group reduced their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada reduced their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. KeyCorp reduced their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Stephens restated an “equal weight” rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Finally, Piper Sandler reduced their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $52.57 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The stock has a market capitalization of $70.83 billion, a P/E ratio of 47.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. The stock has a fifty day moving average of $50.12 and a 200-day moving average of $54.62.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm earned $13.37 EPS. Chipotle Mexican Grill’s revenue was up 6.4% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the sale, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.81% 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.