Gulf International Bank UK Ltd Has $6.51 Million Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Gulf International Bank UK Ltd decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,983 shares of the restaurant operator’s stock after selling 1,191 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Chipotle Mexican Grill were worth $6,511,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CMG. Congress Asset Management Co. acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $109,396,000. Thrivent Financial for Lutherans increased its stake in shares of Chipotle Mexican Grill by 674.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,122,778 shares of the restaurant operator’s stock worth $122,314,000 after purchasing an additional 1,848,625 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Chipotle Mexican Grill by 123.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,471,335 shares of the restaurant operator’s stock worth $142,398,000 after purchasing an additional 1,364,635 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 224.2% during the 3rd quarter. Intech Investment Management LLC now owns 1,696,457 shares of the restaurant operator’s stock worth $97,750,000 after purchasing an additional 1,173,207 shares during the last quarter. Finally, Premier Fund Managers Ltd acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $57,335,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.8 %

Shares of CMG stock opened at $53.43 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The company has a market capitalization of $72.41 billion, a P/E ratio of 48.12, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50-day moving average price of $57.71 and a 200 day moving average price of $58.09.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating 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, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CMG. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Evercore ISI raised their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Raymond James lowered their target price on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Cfra upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $66.31.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the completion of the sale, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.