Wesbanco Bank Inc. Has $295,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Wesbanco Bank Inc. trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 91.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,900 shares of the restaurant operator's stock after selling 50,600 shares during the quarter. Wesbanco Bank Inc.'s holdings in Chipotle Mexican Grill were worth $295,000 as of its most recent SEC filing.

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

Insider Buying and Selling

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 transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.95 on Friday, hitting $56.61. The company's stock had a trading volume of 11,118,730 shares, compared to its average volume of 7,042,710. The stock's 50-day moving average is $60.64 and its two-hundred day moving average is $57.72. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 12 month low of $46.15 and a 12 month high of $69.26.

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

Analysts Set New Price Targets

CMG has been the topic of a number of analyst reports. Barclays raised their target price on shares of Chipotle Mexican Grill from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 7th. Truist Financial increased their target price on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Oppenheimer raised their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Evercore ISI boosted their target price 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, Royal Bank of Canada boosted their price target on Chipotle Mexican Grill from $70.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.81.

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.