Huntington National Bank Has $70.61 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Huntington National Bank lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,225,356 shares of the restaurant operator’s stock after selling 639,843 shares during the period. Huntington National Bank owned approximately 0.09% of Chipotle Mexican Grill worth $70,605,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacific Center for Financial Services increased its holdings in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock worth $157,000 after buying an additional 4 shares in the last quarter. SVB Wealth LLC increased its holdings in shares of Chipotle Mexican Grill by 3.7% during the first quarter. SVB Wealth LLC now owns 140 shares of the restaurant operator’s stock worth $407,000 after buying an additional 5 shares in the last quarter. Nicolet Advisory Services LLC increased its holdings in shares of Chipotle Mexican Grill by 1.9% during the first quarter. Nicolet Advisory Services LLC now owns 318 shares of the restaurant operator’s stock worth $931,000 after buying an additional 6 shares in the last quarter. Freestone Capital Holdings LLC increased its holdings in shares of Chipotle Mexican Grill by 5.4% during the first quarter. Freestone Capital Holdings LLC now owns 136 shares of the restaurant operator’s stock worth $396,000 after buying an additional 7 shares in the last quarter. Finally, Semmax Financial Advisors Inc. increased its holdings in shares of Chipotle Mexican Grill by 225.0% during the first quarter. Semmax Financial Advisors Inc. now owns 13 shares of the restaurant operator’s stock worth $42,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital increased their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Oppenheimer reissued an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 30th. Stephens reissued an “equal weight” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday. Finally, Guggenheim increased their price target on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.47.

Insider Buying and Selling

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The shares were 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 in the company, valued at approximately $2,340,333.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of Chipotle Mexican Grill stock in a transaction on Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the sale, the insider now directly owns 457,764 shares in the company, valued at approximately $26,115,436.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,290 shares of company stock worth $1,866,023 over the last ninety days. Company insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.0 %

Shares of NYSE:CMG opened at $59.26 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $42.98 and a 12 month high of $69.26. The company’s fifty day simple moving average is $57.66 and its 200 day simple moving average is $81.40. The firm has a market cap of $80.75 billion, a price-to-earnings ratio of 55.16, a PEG ratio of 2.44 and a beta of 1.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 earnings per share for the current fiscal 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.