Heartland Bank & Trust Co Sells 608 Shares of Chipotle Mexican Grill, Inc. $CMG

Heartland Bank & Trust Co reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,559 shares of the restaurant operator’s stock after selling 608 shares during the period. Heartland Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMG. Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after buying an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the period. Alliancebernstein L.P. increased its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after buying an additional 2,404,798 shares during the period. American Century Companies Inc. increased its position in shares of Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after buying an additional 425,648 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Chipotle Mexican Grill by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock valued at $557,904,000 after buying an additional 833,760 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CMG shares. TD Securities reiterated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Stephens reiterated an “equal weight” rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. UBS Group upped their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $58.31.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $40.91 on Tuesday. The firm has a market cap of $54.85 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.04 and a beta of 0.99. The stock has a 50 day simple moving average of $41.15 and a two-hundred day simple moving average of $47.55. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.Chipotle Mexican Grill’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.