Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Acquired by Heartland Bank & Trust Co

Heartland Bank & Trust Co boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,990.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,100 shares of the restaurant operator’s stock after purchasing an additional 13,823 shares during the quarter. Heartland Bank & Trust Co’s holdings in Chipotle Mexican Grill were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peloton Wealth Strategists lifted its stake in shares of Chipotle Mexican Grill by 0.3% in the fourth quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after buying an additional 4 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Chipotle Mexican Grill by 19.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock valued at $73,000 after purchasing an additional 4 shares during the last quarter. Diversified Trust Co lifted its position in Chipotle Mexican Grill by 0.9% during the first quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after buying an additional 4 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Chipotle Mexican Grill by 9.8% during the first quarter. Valley National Advisers Inc. now owns 45 shares of the restaurant operator’s stock worth $131,000 after buying an additional 4 shares during the last quarter. Finally, Scott & Selber Inc. grew its holdings in Chipotle Mexican Grill by 0.6% in the 1st quarter. Scott & Selber Inc. now owns 720 shares of the restaurant operator’s stock valued at $2,093,000 after buying an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $57.59 on Tuesday. 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 $54.61 and its 200 day moving average price is $81.38. The firm has a market capitalization of $79.08 billion, a price-to-earnings ratio of 61.26, a PEG ratio of 2.43 and a beta of 1.25.

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

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill 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 completion of the sale, the director now directly owns 41,510 shares of the company’s stock, valued at approximately $2,340,333.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the sale, the insider now directly owns 358,300 shares in the company, valued at approximately $19,591,844. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction 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 directly owns 41,510 shares of the company’s stock, valued at $2,340,333.80. The disclosure for this sale can be found here. Insiders have sold 34,934 shares of company stock valued at $1,918,589 over the last quarter. 1.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMG has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a report on Monday. BMO Capital Markets reduced their target price on shares of Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. TD Cowen reaffirmed a “buy” rating and set a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

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.