Stock Yards Bank & Trust Co. Has $301,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Stock Yards Bank & Trust Co. increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,117.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,800 shares of the restaurant operator’s stock after buying an additional 4,708 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Chipotle Mexican Grill were worth $301,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Evermay Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.8% during the fourth quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after acquiring an additional 4 shares during the period. Peloton Wealth Strategists grew its holdings in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after buying an additional 4 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in Chipotle Mexican Grill by 19.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after buying an additional 4 shares during the period. Diversified Trust Co increased its position in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after buying an additional 4 shares during the period. Finally, Valley National Advisers Inc. boosted its position in shares of Chipotle Mexican Grill by 9.8% in the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock valued at $131,000 after acquiring an additional 4 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CMG shares. Wedbush reaffirmed an “outperform” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Stephens reaffirmed an “equal weight” rating and set a $61.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, August 13th. Loop Capital cut their price target on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Piper Sandler lowered their price objective on Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, Raymond James cut their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $62.36.

Chipotle Mexican Grill Price Performance

CMG opened at $56.92 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The company’s 50 day moving average price is $54.26 and its two-hundred day moving average price is $80.98. The firm has a market capitalization of $78.17 billion, a price-to-earnings ratio of 60.55, a PEG ratio of 2.33 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $12.65 earnings per share. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the transaction, the insider now directly owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The disclosure for this sale can be found here. Insiders sold 34,934 shares of company stock worth $1,918,589 over the last ninety days. 1.02% of the stock is owned by insiders.

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.