Hancock Whitney Corp Boosts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Hancock Whitney Corp grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 32,648 shares of the restaurant operator’s stock after acquiring an additional 748 shares during the period. Hancock Whitney Corp’s holdings in Chipotle Mexican Grill were worth $1,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 4,732.3% in the second quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after acquiring an additional 19,759,754 shares in the last quarter. Legal & General Group Plc increased its position in shares of Chipotle Mexican Grill by 5,209.5% in the 2nd quarter. Legal & General Group Plc now owns 10,935,669 shares of the restaurant operator’s stock worth $685,128,000 after purchasing an additional 10,729,706 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Chipotle Mexican Grill by 5,930.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after purchasing an additional 10,139,174 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Chipotle Mexican Grill by 4,816.1% during the second quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock worth $523,514,000 after purchasing an additional 8,186,198 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Chipotle Mexican Grill by 76,617.6% during the second quarter. Marshall Wace LLP now owns 5,904,952 shares of the restaurant operator’s stock worth $369,945,000 after purchasing an additional 5,897,255 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.0 %

Shares of Chipotle Mexican Grill stock opened at $61.99 on Tuesday. Chipotle Mexican Grill, Inc. has a 1 year low of $43.66 and a 1 year high of $69.26. The company has a market cap of $84.47 billion, a P/E ratio of 57.70, a P/E/G ratio of 2.49 and a beta of 1.26. The stock has a 50-day moving average price of $58.54 and a 200 day moving average price of $81.16.

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

Insider Activity at Chipotle Mexican Grill

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TD Cowen boosted their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $67.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. BMO Capital Markets raised their price objective on Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Loop Capital lifted their price objective on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $65.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 30th. Ten 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.27.

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.