City Holding Co. Has $4.96 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

City Holding Co. trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,234 shares of the restaurant operator’s stock after selling 1,900 shares during the period. City Holding Co.’s holdings in Chipotle Mexican Grill were worth $4,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its holdings in Chipotle Mexican Grill by 3,447.7% in the 2nd quarter. Edgestream Partners L.P. now owns 5,428 shares of the restaurant operator’s stock valued at $340,000 after purchasing an additional 5,275 shares during the period. XTX Topco Ltd bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $653,000. Brighton Jones LLC grew its position in Chipotle Mexican Grill by 5,619.8% during the second quarter. Brighton Jones LLC now owns 11,268 shares of the restaurant operator’s stock worth $706,000 after buying an additional 11,071 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Chipotle Mexican Grill by 4,729.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 26,613 shares of the restaurant operator’s stock worth $1,667,000 after acquiring an additional 26,062 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its holdings in Chipotle Mexican Grill by 4,776.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 192,850 shares of the restaurant operator’s stock valued at $12,082,000 after acquiring an additional 188,895 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. BMO Capital Markets upped their target price 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. Raymond James lifted their price target on Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Piper Sandler raised their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.81.

Chipotle Mexican Grill Trading Down 1.4 %

Shares of Chipotle Mexican Grill stock opened at $57.52 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $46.01 and a 12 month high of $69.26. The stock has a 50 day moving average of $60.91 and a 200 day moving average of $57.85. The firm has a market cap of $78.38 billion, a PE ratio of 53.54, a PEG ratio of 1.91 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal year.

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.