Huntington National Bank Sells 205,813 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Huntington National Bank decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,019,543 shares of the restaurant operator’s stock after selling 205,813 shares during the period. Huntington National Bank owned 0.07% of Chipotle Mexican Grill worth $61,479,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ethos Financial Group LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC boosted its position in Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $38,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $50,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 2.9 %

Chipotle Mexican Grill stock opened at $51.67 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $47.55 and a 1-year high of $69.26. The company has a fifty day simple moving average of $53.58 and a 200 day simple moving average of $57.50. The company has a market cap of $70.03 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMG shares. Wedbush cut their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price objective for the company from $59.00 to $73.00 in a report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.67.

About Chipotle Mexican Grill

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.