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

Zions Bancorporation N.A. increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. United Bank increased its holdings in shares of Chipotle Mexican Grill by 13.7% in the third quarter. United Bank now owns 36,851 shares of the restaurant operator’s stock valued at $2,123,000 after purchasing an additional 4,451 shares during the last quarter. Algert Global LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $1,555,000. Brown Brothers Harriman & Co. raised its holdings in Chipotle Mexican Grill by 5.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,308 shares of the restaurant operator’s stock valued at $306,000 after acquiring an additional 258 shares during the period. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $37,000. Finally, Private Trust Co. NA lifted its position in Chipotle Mexican Grill by 4.6% during the third quarter. Private Trust Co. NA now owns 12,346 shares of the restaurant operator’s stock worth $711,000 after acquiring an additional 546 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wedbush lowered their target price on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Loop Capital raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the company from $58.00 to $65.00 in a research report on Friday, March 14th. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays cut their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $66.67.

Chipotle Mexican Grill Trading Up 1.1 %

Chipotle Mexican Grill stock opened at $50.05 on Thursday. The company has a market capitalization of $67.83 billion, a PE ratio of 45.08, a P/E/G ratio of 2.04 and a beta of 1.27. The stock has a 50-day moving average price of $54.11 and a two-hundred day moving average price of $57.61. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.