Keybank National Association OH Cuts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Keybank National Association OH decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,907 shares of the restaurant operator's stock after selling 21,393 shares during the period. Keybank National Association OH's holdings in Chipotle Mexican Grill were worth $10,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CMG. Tortoise Investment Management LLC boosted its position in Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator's stock valued at $87,000 after buying an additional 176 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares in the last quarter. Money Concepts Capital Corp boosted its position in Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after buying an additional 221 shares in the last quarter. SlateStone Wealth LLC boosted its position in Chipotle Mexican Grill by 3.4% in the fourth quarter. SlateStone Wealth LLC now owns 7,196 shares of the restaurant operator's stock valued at $434,000 after buying an additional 235 shares in the last quarter. Finally, Northwest Bank & Trust Co boosted its position in Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CMG shares. Loop Capital dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Citigroup dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Argus downgraded shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Barclays raised their price target on shares of Chipotle Mexican Grill from $52.00 to $54.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.93.

Insider Activity

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Up 0.7%

CMG traded up $0.39 during midday trading on Friday, hitting $57.16. The company had a trading volume of 10,384,051 shares, compared to its average volume of 12,859,417. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $66.74. The company has a market capitalization of $77.01 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 2.83 and a beta of 1.08. The stock's 50 day moving average price is $52.07 and its 200 day moving average price is $53.38.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $13.37 earnings per share. Research analysts predict 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.