Huntington National Bank Sells 205,813 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Huntington National Bank reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,019,543 shares of the restaurant operator’s stock after selling 205,813 shares during the quarter. Huntington National Bank’s holdings in Chipotle Mexican Grill were worth $61,479,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMG. Alliancebernstein L.P. lifted its holdings in Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after purchasing an additional 395,053 shares during the period. American Century Companies Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after buying an additional 166,767 shares during the period. Norges Bank acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $1,093,345,000. Finally, Franklin Resources Inc. raised its holdings in Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator’s stock valued at $805,692,000 after acquiring an additional 381,873 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMG. Citigroup boosted their price objective on Chipotle Mexican Grill from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $65.00 to $70.00 in a report on Monday, March 3rd. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Trading Up 2.9 %

Shares of CMG opened at $51.67 on Wednesday. The stock has a 50-day moving average price of $53.58 and a 200-day moving average price of $57.50. The company has a market cap of $70.03 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12-month low of $47.55 and a 12-month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. As a group, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.