Huntington National Bank Sells 152,327 Shares of Chipotle Mexican Grill, Inc. $CMG

Huntington National Bank reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 377,825 shares of the restaurant operator’s stock after selling 152,327 shares during the quarter. Huntington National Bank’s holdings in Chipotle Mexican Grill were worth $13,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia lifted its holdings in shares of Chipotle Mexican Grill by 11.0% during the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after acquiring an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $1,597,000. Crescent Park Management L.P. bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at $5,911,000. WINTON GROUP Ltd raised its holdings in shares of Chipotle Mexican Grill by 269.6% in the third quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after buying an additional 277,090 shares during the last quarter. Finally, Heritage Investors Management Corp raised its holdings in shares of Chipotle Mexican Grill by 6.8% in the third quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock valued at $19,521,000 after buying an additional 31,560 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CMG shares. Weiss Ratings cut Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Piper Sandler cut their price target on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Finally, Stephens lifted their price target on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Stock Down 1.0%

Shares of CMG stock opened at $32.35 on Friday. The stock has a 50-day moving average price of $33.26 and a 200 day moving average price of $35.28. The firm has a market cap of $41.50 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.11 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.