UMB Bank n.a. Lowers Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

UMB Bank n.a. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 23.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,901 shares of the restaurant operator's stock after selling 9,146 shares during the quarter. UMB Bank n.a.'s holdings in Chipotle Mexican Grill were worth $1,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Chipotle Mexican Grill by 4,138,574.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after purchasing an additional 8,318,534 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $315,220,000. 91.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Loop Capital lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Truist Financial lowered their price objective on shares of Chipotle Mexican Grill from $74.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Argus lowered shares of Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Barclays lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.37.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on 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 transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Down 1.3%

NYSE:CMG traded down $0.65 during trading hours on Friday, reaching $50.24. The company had a trading volume of 9,303,828 shares, compared to its average volume of 13,403,797. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The firm has a market cap of $67.70 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 2.04 and a beta of 1.06. The firm's 50 day moving average price is $50.29 and its 200-day moving average price is $54.42.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the firm posted $13.37 EPS. The firm's revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.