First Hawaiian Bank Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Hawaiian Bank cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,578 shares of the restaurant operator’s stock after selling 11,524 shares during the quarter. First Hawaiian Bank’s holdings in Chipotle Mexican Grill were worth $2,507,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CMG. Oliver Lagore Vanvalin Investment Group increased its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares in the last quarter. ZRC Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 384.0% during the third quarter. ZRC Wealth Management LLC now owns 484 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 384 shares in the last quarter. Transcendent Capital Group LLC raised its position in shares of Chipotle Mexican Grill by 950.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $32,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. TD Cowen raised their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Wedbush reiterated an “outperform” rating and issued a $69.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.81.

Chipotle Mexican Grill Stock Down 0.2 %

Shares of NYSE CMG opened at $57.89 on Thursday. The business’s 50 day moving average is $60.94 and its two-hundred day moving average is $80.67. Chipotle Mexican Grill, Inc. has a 52-week low of $44.49 and a 52-week high of $69.26. The firm has a market cap of $78.88 billion, a price-to-earnings ratio of 53.88, a PEG ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

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.