Huntington National Bank decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 41.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 99 shares of the restaurant operator’s stock after selling 70 shares during the period. Huntington National Bank’s holdings in Chipotle Mexican Grill were worth $70,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $104,491,000. AQR Capital Management LLC increased its stake in Chipotle Mexican Grill by 2,464.4% in the 3rd quarter. AQR Capital Management LLC now owns 218,202 shares of the restaurant operator’s stock worth $99,177,000 after acquiring an additional 209,693 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Chipotle Mexican Grill by 101.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock worth $132,659,000 after acquiring an additional 154,428 shares during the last quarter. American Century Companies Inc. increased its stake in Chipotle Mexican Grill by 42.3% in the 4th quarter. American Century Companies Inc. now owns 443,485 shares of the restaurant operator’s stock worth $191,492,000 after acquiring an additional 131,803 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Chipotle Mexican Grill by 49.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 331,713 shares of the restaurant operator’s stock worth $150,770,000 after acquiring an additional 109,062 shares during the last quarter. 93.07% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on CMG shares. Zacks Investment Research lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co upped their target price on Chipotle Mexican Grill from $420.00 to $464.00 and gave the stock a “market perform” rating in a research note on Friday, January 11th. Telsey Advisory Group restated an “outperform” rating and issued a $500.00 target price (up from $465.00) on shares of Chipotle Mexican Grill in a research note on Friday, January 11th. Loop Capital upped their target price on Chipotle Mexican Grill to $630.00 and gave the stock a “positive” rating in a research note on Thursday, February 7th. Finally, Wedbush upgraded Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $500.00 to $640.00 in a research note on Friday, March 22nd. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $560.10.

In related news, Director Pershing Square Capital Manage sold 11,980 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $602.45, for a total transaction of $7,217,351.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jack Hartung sold 7,150 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $606.77, for a total value of $4,338,405.50. Following the sale, the chief financial officer now owns 45,237 shares of the company’s stock, valued at $27,448,454.49. The disclosure for this sale can be found here. Insiders have sold a total of 51,788 shares of company stock valued at $31,629,459 over the last 90 days. 2.21% of the stock is currently owned by company insiders.

Shares of Chipotle Mexican Grill stock opened at $706.48 on Wednesday. The stock has a market cap of $19.75 billion, a PE ratio of 77.98, a PEG ratio of 3.25 and a beta of 0.68. Chipotle Mexican Grill, Inc. has a 12 month low of $326.00 and a 12 month high of $721.21.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, beating the consensus estimate of $1.38 by $0.34. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 12.42 earnings per share for the current fiscal year.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated approximately 2,500 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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