M&T Bank Corp Acquires 30,512 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

M&T Bank Corp lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 246,272 shares of the restaurant operator’s stock after purchasing an additional 30,512 shares during the period. M&T Bank Corp’s holdings in Chipotle Mexican Grill were worth $14,850,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMG. Stephens Inc. AR bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $341,000. QRG Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 190.6% in the 3rd quarter. QRG Capital Management Inc. now owns 51,393 shares of the restaurant operator’s stock worth $2,961,000 after purchasing an additional 33,705 shares during the period. Moloney Securities Asset Management LLC lifted its stake in shares of Chipotle Mexican Grill by 11.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 9,618 shares of the restaurant operator’s stock worth $554,000 after purchasing an additional 1,018 shares during the period. United Advisor Group LLC increased its holdings in Chipotle Mexican Grill by 3.2% in the 3rd quarter. United Advisor Group LLC now owns 9,450 shares of the restaurant operator’s stock worth $545,000 after acquiring an additional 293 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in Chipotle Mexican Grill by 3.1% in the 3rd quarter. Pittenger & Anderson Inc. now owns 8,250 shares of the restaurant operator’s stock worth $475,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMG. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Stephens reduced their target price on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Nine analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.60.

Chipotle Mexican Grill Price Performance

CMG opened at $53.62 on Thursday. The business’s 50-day moving average is $56.88 and its two-hundred day moving average is $58.10. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The firm has a market capitalization of $72.68 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

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

Chipotle Mexican Grill Company 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.