Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Hills Bank & Trust Co

Hills Bank & Trust Co lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,664.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,375 shares of the restaurant operator’s stock after acquiring an additional 72,814 shares during the quarter. Hills Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $4,660,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Chipotle Mexican Grill by 4,260.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,132,332 shares of the restaurant operator’s stock valued at $196,241,000 after acquiring an additional 3,060,498 shares during the period. Raymond James & Associates lifted its stake in shares of Chipotle Mexican Grill by 5,217.4% in the 2nd quarter. Raymond James & Associates now owns 1,528,604 shares of the restaurant operator’s stock valued at $95,767,000 after purchasing an additional 1,499,857 shares during the period. Calamos Advisors LLC boosted its holdings in Chipotle Mexican Grill by 6,114.1% during the second quarter. Calamos Advisors LLC now owns 1,327,021 shares of the restaurant operator’s stock worth $83,138,000 after buying an additional 1,305,666 shares in the last quarter. New York State Teachers Retirement System grew its position in Chipotle Mexican Grill by 4,649.4% during the second quarter. New York State Teachers Retirement System now owns 1,322,150 shares of the restaurant operator’s stock valued at $82,833,000 after buying an additional 1,294,312 shares during the period. Finally, Nicholas Company Inc. increased its holdings in Chipotle Mexican Grill by 4,140.2% in the second quarter. Nicholas Company Inc. now owns 1,255,310 shares of the restaurant operator’s stock valued at $78,645,000 after buying an additional 1,225,705 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now owns 358,300 shares of the company’s stock, valued at $19,591,844. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Stephens reissued an “equal weight” rating and issued a $61.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Piper Sandler cut their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Citigroup decreased their target price on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Trading Up 0.5 %

CMG stock traded up $0.26 during trading on Friday, reaching $53.71. 9,928,362 shares of the stock were exchanged, compared to its average volume of 15,141,147. The business has a 50 day moving average price of $121.44 and a 200-day moving average price of $80.82. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The firm has a market capitalization of $73.76 billion, a price-to-earnings ratio of 57.14, a P/E/G ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $12.65 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current year.

Chipotle Mexican Grill 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.