NBT Bank N A NY Grows Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

NBT Bank N A NY grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,940 shares of the restaurant operator’s stock after acquiring an additional 1,879 shares during the period. NBT Bank N A NY’s holdings in Chipotle Mexican Grill were worth $961,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Transcendent Capital Group LLC raised its stake in shares of Chipotle Mexican Grill by 950.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Ethos Financial Group LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC raised its stake in shares of Chipotle Mexican Grill by 1,110.0% in the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $37,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. KeyCorp cut their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group upped their target price on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Raymond James cut 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. Finally, Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $66.60.

Chipotle Mexican Grill Trading Down 0.7 %

Shares of Chipotle Mexican Grill stock opened at $49.86 on Tuesday. The company has a fifty day simple moving average of $56.26 and a 200-day simple moving average of $58.09. Chipotle Mexican Grill, Inc. has a 12-month low of $47.98 and a 12-month high of $69.26. The stock has a market cap of $67.57 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. 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.