UMB Bank n.a. Sells 6,244 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

UMB Bank n.a. decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,047 shares of the restaurant operator's stock after selling 6,244 shares during the quarter. UMB Bank n.a.'s holdings in Chipotle Mexican Grill were worth $2,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Alpha DNA Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 1.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 13,644 shares of the restaurant operator's stock worth $786,000 after purchasing an additional 168 shares during the period. Lecap Asset Management Ltd. raised its position in Chipotle Mexican Grill by 1.2% in the third quarter. Lecap Asset Management Ltd. now owns 14,625 shares of the restaurant operator's stock worth $843,000 after acquiring an additional 175 shares during the period. Connable Office Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% during the 3rd quarter. Connable Office Inc. now owns 31,928 shares of the restaurant operator's stock worth $1,840,000 after acquiring an additional 178 shares during the last quarter. Albion Financial Group UT grew its position in shares of Chipotle Mexican Grill by 14.4% during the 3rd quarter. Albion Financial Group UT now owns 1,430 shares of the restaurant operator's stock valued at $82,000 after acquiring an additional 180 shares during the period. Finally, CVA Family Office LLC increased its stake in shares of Chipotle Mexican Grill by 8.7% in the 3rd quarter. CVA Family Office LLC now owns 2,313 shares of the restaurant operator's stock worth $133,000 after purchasing an additional 185 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Jefferies Financial Group boosted their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, December 16th. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $71.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $66.81.

Insider Buying and Selling

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the sale, the insider now directly owns 185,792 shares in the company, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Trading Down 2.3 %

Shares of NYSE CMG traded down $1.33 during trading hours on Tuesday, hitting $56.19. 13,850,091 shares of the company traded hands, compared to its average volume of 8,988,554. The stock has a market capitalization of $76.57 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company's 50 day moving average price is $60.88 and its 200 day moving average price is $57.80. Chipotle Mexican Grill, Inc. has a 12 month low of $46.01 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.82 billion. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The business's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

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.