Heartland Bank & Trust Co Trims Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Heartland Bank & Trust Co cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,729 shares of the restaurant operator’s stock after selling 371 shares during the period. Heartland Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. RFG Advisory LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth about $218,000. Brookstone Capital Management raised its position in shares of Chipotle Mexican Grill by 22.9% in the first quarter. Brookstone Capital Management now owns 188 shares of the restaurant operator’s stock worth $547,000 after acquiring an additional 35 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $279,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,566 shares of the restaurant operator’s stock valued at $7,459,000 after acquiring an additional 190 shares during the period. Finally, 180 Wealth Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 9.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 115 shares of the restaurant operator’s stock valued at $334,000 after purchasing an additional 10 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $59.01 on Thursday. The firm’s fifty day moving average price is $56.52 and its 200 day moving average price is $81.32. Chipotle Mexican Grill, Inc. has a 12 month low of $35.97 and a 12 month high of $69.26. The company has a market capitalization of $81.04 billion, a price-to-earnings ratio of 62.78, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $12.65 EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,684 shares of company stock valued at $2,817,127 in the last ninety days. 1.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CMG shares. StockNews.com downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Guggenheim boosted their price objective on Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Evercore ISI lifted their price target 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. Finally, Citigroup boosted their price target on shares of Chipotle Mexican Grill from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.03.

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.