First Citizens Bank & Trust Co. Acquires 468 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Citizens Bank & Trust Co. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 12,272 shares of the restaurant operator’s stock after acquiring an additional 468 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Chipotle Mexican Grill were worth $740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMG. Fifth Third Bancorp raised its holdings in shares of Chipotle Mexican Grill by 0.3% during the 4th quarter. Fifth Third Bancorp now owns 705,262 shares of the restaurant operator’s stock worth $42,527,000 after acquiring an additional 2,223 shares in the last quarter. Gradient Investments LLC raised its stake in Chipotle Mexican Grill by 4.0% during the fourth quarter. Gradient Investments LLC now owns 22,244 shares of the restaurant operator’s stock valued at $1,341,000 after purchasing an additional 856 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Chipotle Mexican Grill by 13.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,463 shares of the restaurant operator’s stock valued at $149,000 after purchasing an additional 283 shares during the last quarter. CX Institutional grew its stake in shares of Chipotle Mexican Grill by 6.2% in the 4th quarter. CX Institutional now owns 7,352 shares of the restaurant operator’s stock worth $443,000 after buying an additional 431 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $84,000. 91.31% of the stock is currently owned by institutional investors.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $58.30 on Tuesday. The firm’s 50 day moving average price is $60.64 and its 200-day moving average price is $57.72. The company has a market cap of $79.43 billion, a PE ratio of 54.26, a P/E/G ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 52-week low of $46.29 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird lifted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Finally, Wedbush reissued an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.77.

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.