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

Hills Bank & Trust Co trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Several other institutional investors have also recently made changes to their positions in CMG. Capital World Investors lifted its position in shares of Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after acquiring an additional 48,398,628 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after buying an additional 18,660,882 shares in the last quarter. Capital International Investors increased its stake in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after acquiring an additional 11,471,658 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Chipotle Mexican Grill by 24.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock valued at $448,084,000 after acquiring an additional 2,265,122 shares during the last quarter. Finally, Samlyn Capital LLC increased its stake in Chipotle Mexican Grill by 128.4% in the third quarter. Samlyn Capital LLC now owns 3,843,687 shares of the restaurant operator’s stock valued at $150,634,000 after acquiring an additional 2,160,598 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.6%

NYSE:CMG opened at $32.59 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The company has a market cap of $41.81 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. The company has a 50 day simple moving average of $33.54 and a two-hundred day simple moving average of $35.36.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CMG shares. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. BNP Paribas Exane raised their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their target price 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Profile

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.