Zions Bancorporation N.A. Has $298,000 Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Zions Bancorporation N.A. lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,168 shares of the restaurant operator’s stock after selling 195 shares during the period. Zions Bancorporation N.A.’s holdings in Chipotle Mexican Grill were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Riverview Trust Co raised its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. RiverPark Advisors LLC raised its stake in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $25,000 after buying an additional 392 shares during the period. Archer Investment Corp bought a new position in Chipotle Mexican Grill during the second quarter worth about $25,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in Chipotle Mexican Grill by 4,900.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

CMG opened at $58.62 on Friday. The business has a fifty day simple moving average of $57.92 and a 200 day simple moving average of $81.10. Chipotle Mexican Grill, Inc. has a 1 year low of $43.10 and a 1 year high of $69.26. The company has a market capitalization of $79.88 billion, a PE ratio of 54.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on CMG shares. Evercore ISI increased their target price on Chipotle Mexican Grill from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Barclays increased their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday. Truist Financial increased their target price on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Transactions at Chipotle Mexican Grill

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,290 shares of company stock valued at $1,866,023. 1.02% of the stock is currently owned by company insiders.

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.