Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 355 shares of the restaurant operator’s stock after selling 10 shares during the quarter. First Hawaiian Bank’s holdings in Chipotle Mexican Grill were worth $1,032,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. QRG Capital Management Inc. acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $595,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $1,819,000. V Square Quantitative Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $169,000. LPL Financial LLC boosted its position in shares of Chipotle Mexican Grill by 82.3% during the 3rd quarter. LPL Financial LLC now owns 17,940 shares of the restaurant operator’s stock worth $32,863,000 after purchasing an additional 8,097 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its holdings in Chipotle Mexican Grill by 75.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 989 shares of the restaurant operator’s stock valued at $1,812,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Down 6.2 %

Shares of Chipotle Mexican Grill stock opened at $3,214.49 on Friday. The company has a fifty day simple moving average of $3,134.95 and a 200-day simple moving average of $2,741.09. The stock has a market cap of $88.30 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 2.73 and a beta of 1.25. Chipotle Mexican Grill, Inc. has a 12-month low of $1,768.64 and a 12-month high of $3,463.07.

Chipotle Mexican Grill shares are scheduled to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 55.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CMG shares. Evercore ISI upped their price target on Chipotle Mexican Grill from $3,200.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Stifel Nicolaus raised their target price on Chipotle Mexican Grill from $2,700.00 to $3,270.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Truist Financial boosted their price target on shares of Chipotle Mexican Grill from $3,440.00 to $3,520.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein increased their price target on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $3,358.00 to $3,369.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $3,201.19.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, CEO Brian R. Niccol sold 6,406 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $3,185.92, for a total value of $20,409,003.52. Following the transaction, the chief executive officer now owns 22,669 shares of the company’s stock, valued at $72,221,620.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Brian R. Niccol sold 6,406 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $3,185.92, for a total value of $20,409,003.52. Following the completion of the sale, the chief executive officer now owns 22,669 shares in the company, valued at approximately $72,221,620.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roger E. Theodoredis sold 2,509 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $3,164.44, for a total transaction of $7,939,579.96. Following the transaction, the insider now owns 1,085 shares in the company, valued at $3,433,417.40. The disclosure for this sale can be found here. Insiders sold a total of 11,015 shares of company stock valued at $35,023,769 in the last ninety days. 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.