Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) by 137.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 704 shares of the restaurant operator’s stock after acquiring an additional 408 shares during the period. Moody National Bank Trust Division’s holdings in Chipotle Mexican Grill were worth $976,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMG. Panagora Asset Management Inc. raised its stake in shares of Chipotle Mexican Grill by 79.5% in the first quarter. Panagora Asset Management Inc. now owns 948 shares of the restaurant operator’s stock valued at $1,500,000 after acquiring an additional 420 shares in the last quarter. Cibc World Market Inc. raised its stake in shares of Chipotle Mexican Grill by 15.5% in the first quarter. Cibc World Market Inc. now owns 171 shares of the restaurant operator’s stock valued at $271,000 after acquiring an additional 23 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Chipotle Mexican Grill by 7.3% in the first quarter. Canada Pension Plan Investment Board now owns 3,032 shares of the restaurant operator’s stock valued at $4,796,000 after acquiring an additional 205 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Chipotle Mexican Grill by 6.1% in the first quarter. Cetera Investment Advisers now owns 777 shares of the restaurant operator’s stock valued at $1,229,000 after acquiring an additional 45 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Chipotle Mexican Grill by 38.9% in the first quarter. Sequoia Financial Advisors LLC now owns 218 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 61 shares in the last quarter. 93.26% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.0 %

Shares of NYSE:CMG opened at $1,608.84 on Friday. The company has a market cap of $44.44 billion, a P/E ratio of 50.18, a PEG ratio of 1.49 and a beta of 1.30. Chipotle Mexican Grill, Inc. has a 52 week low of $1,196.28 and a 52 week high of $1,754.56. The company has a 50-day moving average price of $1,571.63 and a 200 day moving average price of $1,539.73.

Chipotle Mexican Grill (NYSE:CMG – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The restaurant operator reported $8.29 EPS for the quarter, missing analysts’ consensus estimates of $8.88 by ($0.59). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.23 billion. Chipotle Mexican Grill had a net margin of 10.41% and a return on equity of 40.96%. Chipotle Mexican Grill’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.58 EPS. Analysts expect that Chipotle Mexican Grill, Inc. will post 41.38 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, CMO Christopher W. Brandt sold 584 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $1,595.00, for a total value of $931,480.00. Following the completion of the sale, the chief marketing officer now owns 7,782 shares in the company, valued at $12,412,290. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Brian R. Niccol sold 5,636 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $1,646.82, for a total transaction of $9,281,477.52. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $38,448,306.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Christopher W. Brandt sold 584 shares of Chipotle Mexican Grill stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $1,595.00, for a total value of $931,480.00. Following the transaction, the chief marketing officer now owns 7,782 shares of the company’s stock, valued at $12,412,290. The disclosure for this sale can be found here. Insiders sold a total of 9,404 shares of company stock worth $15,317,901 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. Cowen raised their price target on Chipotle Mexican Grill from $1,950.00 to $2,050.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Wedbush restated an “outperform” rating and issued a $2,080.00 price target on shares of Chipotle Mexican Grill in a research note on Friday. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $1,600.00 to $1,800.00 and gave the company a “market perform” rating in a research note on Wednesday, February 8th. Morgan Stanley cut Chipotle Mexican Grill from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $1,847.00 to $1,664.00 in a research note on Tuesday, January 17th. Finally, Truist Financial cut their price target on Chipotle Mexican Grill from $1,825.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, February 8th. Six investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,844.79.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.