Pinnacle Financial Partners Inc Buys 7,436 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Pinnacle Financial Partners Inc lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.1% in the 4th quarter, according to its most recent 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 reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC boosted its position in shares of 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 purchasing an additional 475 shares during the period. Capital Performance Advisors LLP bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $33,000. Global Trust Asset Management LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $35,000. Sound Income Strategies LLC increased its stake in 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 worth $36,000 after buying an additional 555 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $37,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 1.8 %

Shares of Chipotle Mexican Grill stock traded up $0.96 on Wednesday, hitting $53.43. 20,660,484 shares of the company traded hands, compared to its average volume of 11,389,772. The company has a market cap of $72.41 billion, a PE ratio of 48.12, a PEG ratio of 2.04 and a beta of 1.27. The stock's 50 day moving average price is $57.87 and its 200-day moving average price is $58.12. Chipotle Mexican Grill, Inc. has a 52 week low of $47.98 and a 52 week high of $69.26.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insider Activity 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 transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company's stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CMG has been the subject of several research reports. Oppenheimer increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Wedbush cut their target price on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Citigroup upped their price target on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. BMO Capital Markets lifted their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Finally, Truist Financial upped their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.31.

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.