Hills Bank & Trust Co Sells 19,175 Shares of Chipotle Mexican Grill, Inc. $CMG

Hills Bank & Trust Co decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,483 shares of the restaurant operator’s stock after selling 19,175 shares during the period. Hills Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $2,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Bank of Nova Scotia lifted its stake in shares of Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $1,597,000. Harbour Trust & Investment Management Co purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $3,967,000. Crescent Park Management L.P. purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $5,911,000. Finally, WINTON GROUP Ltd lifted its stake in shares of Chipotle Mexican Grill by 269.6% during the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after buying an additional 277,090 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

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Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $32.59 on Friday. The company has a 50 day moving average price of $33.54 and a 200-day moving average price of $35.36. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The stock has a market capitalization of $41.81 billion, a PE ratio of 29.90, a PEG ratio of 2.07 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMG. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Royal Bank Of Canada restated an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Telsey Advisory Group decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price target for the company from $37.00 to $40.00 in a report on Friday, March 20th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.03.

View Our Latest Stock Analysis on CMG

About Chipotle Mexican Grill

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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