Horizon Bancorp Inc. IN Sells 1,395 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Horizon Bancorp Inc. IN cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,079 shares of the restaurant operator’s stock after selling 1,395 shares during the period. Horizon Bancorp Inc. IN’s holdings in Chipotle Mexican Grill were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Econ Financial Services Corp boosted its holdings in Chipotle Mexican Grill by 238.7% in the 1st quarter. Econ Financial Services Corp now owns 38,880 shares of the restaurant operator’s stock worth $1,952,000 after buying an additional 27,402 shares during the period. Moran Wealth Management LLC boosted its holdings in Chipotle Mexican Grill by 1,558.7% in the 1st quarter. Moran Wealth Management LLC now owns 208,517 shares of the restaurant operator’s stock worth $10,470,000 after buying an additional 195,946 shares during the period. International Assets Investment Management LLC boosted its holdings in Chipotle Mexican Grill by 5.0% in the 1st quarter. International Assets Investment Management LLC now owns 20,173 shares of the restaurant operator’s stock worth $1,013,000 after buying an additional 968 shares during the period. Invesco LLC boosted its holdings in Chipotle Mexican Grill by 46.4% in the 1st quarter. Invesco LLC now owns 14,205 shares of the restaurant operator’s stock worth $713,000 after buying an additional 4,504 shares during the period. Finally, Harbour Capital Advisors LLC boosted its holdings in Chipotle Mexican Grill by 2.9% in the 1st quarter. Harbour Capital Advisors LLC now owns 54,360 shares of the restaurant operator’s stock worth $2,722,000 after buying an additional 1,510 shares during the period. 91.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider now owns 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of several analyst reports. Argus downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Guggenheim set a $47.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, April 25th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.79.

Chipotle Mexican Grill Stock Up 1.7%

Shares of NYSE:CMG opened at $54.70 on Wednesday. The stock has a market cap of $73.70 billion, a PE ratio of 48.41, a PEG ratio of 2.67 and a beta of 1.06. The company’s fifty day moving average is $50.83 and its 200 day moving average is $53.79. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company earned $13.37 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.