Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Raised by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,917 shares of the restaurant operator’s stock after purchasing an additional 7,436 shares during the period. Pinnacle Financial Partners Inc’s holdings in Chipotle Mexican Grill were worth $11,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC grew its position in Chipotle Mexican Grill by 950.0% in the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock worth $30,000 after buying an additional 475 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Chipotle Mexican Grill in the third quarter worth approximately $33,000. Global Trust Asset Management LLC acquired a new position in Chipotle Mexican Grill in the third quarter worth approximately $35,000. Sound Income Strategies LLC grew its position in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after buying an additional 555 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Chipotle Mexican Grill in the third quarter worth approximately $37,000. Institutional investors own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMG. Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Stephens lowered their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Robert W. Baird lifted their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Transactions at Chipotle Mexican Grill

In other 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 completion of the sale, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents 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 available at this hyperlink. 1.02% of the stock is owned by insiders.

Chipotle Mexican Grill Price Performance

CMG opened at $51.47 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $47.98 and a one year high of $69.26. The company’s 50 day simple moving average is $58.64 and its 200-day simple moving average is $58.11. The stock has a market capitalization of $69.76 billion, a P/E ratio of 46.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.