Fifth Third Bancorp Raises Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fifth Third Bancorp grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 705,262 shares of the restaurant operator’s stock after acquiring an additional 2,223 shares during the period. Fifth Third Bancorp owned about 0.05% of Chipotle Mexican Grill worth $42,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its holdings in Chipotle Mexican Grill by 8,266.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 50,950 shares of the restaurant operator’s stock valued at $3,192,000 after buying an additional 50,341 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 5,714.0% during the second quarter. Evergreen Capital Management LLC now owns 5,000 shares of the restaurant operator’s stock worth $313,000 after acquiring an additional 4,914 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Chipotle Mexican Grill during the second quarter valued at $106,000. Caxton Associates LP bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $479,000. Finally, APG Asset Management N.V. increased its holdings in Chipotle Mexican Grill by 10,215.0% in the 2nd quarter. APG Asset Management N.V. now owns 346,997 shares of the restaurant operator’s stock valued at $20,284,000 after acquiring an additional 343,633 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research analyst reports. Truist Financial raised their price objective on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wedbush restated an “outperform” rating and set a $69.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday. Loop Capital upped their price objective on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Finally, Evercore ISI boosted their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.81.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $56.61 on Friday. The business’s 50-day moving average is $60.68 and its 200 day moving average is $57.74. Chipotle Mexican Grill, Inc. has a 1 year low of $46.15 and a 1 year high of $69.26. The firm has a market capitalization of $77.14 billion, a P/E ratio of 52.69, a P/E/G ratio of 1.88 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results 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 company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $0.23 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Laurie Schalow sold 4,404 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by insiders.

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.