Truist Financial Corp Grows Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Truist Financial Corp grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,499,480 shares of the restaurant operator's stock after buying an additional 66,914 shares during the quarter. Truist Financial Corp owned 0.11% of Chipotle Mexican Grill worth $90,419,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CMG. Transcendent Capital Group LLC raised its position in Chipotle Mexican Grill by 950.0% during the third quarter. Transcendent Capital Group LLC now owns 525 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 475 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $32,000. Capital Performance Advisors LLP purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $33,000. Global Trust Asset Management LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at about $35,000. Finally, Sound Income Strategies LLC increased its stake in Chipotle Mexican Grill by 1,110.0% during 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. 91.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 185,792 shares in the company, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMG shares. BMO Capital Markets raised their target price on 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. Stifel Nicolaus lowered 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. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Piper Sandler decreased their price target 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. Finally, Oppenheimer upped their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.31.

Chipotle Mexican Grill Trading Down 3.0 %

NYSE:CMG traded down $1.58 during trading hours on Friday, hitting $51.47. The company's stock had a trading volume of 12,627,766 shares, compared to its average volume of 10,804,313. Chipotle Mexican Grill, Inc. has a 52-week low of $47.98 and a 52-week high of $69.26. The stock has a market capitalization of $69.76 billion, a P/E ratio of 46.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The stock has a fifty day moving average of $58.64 and a 200-day moving average of $58.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.