Horizon Bancorp Inc. IN Sells 1,141 Shares of Chipotle Mexican Grill, Inc. $CMG

Horizon Bancorp Inc. IN cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,938 shares of the restaurant operator’s stock after selling 1,141 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Chipotle Mexican Grill were worth $221,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $25,000. Saudi Central Bank bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its stake in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 371 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CMG. BTIG Research restated a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Raymond James Financial decreased their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Melius began coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 price target for the company. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, UBS Group lifted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.28.

Chipotle Mexican Grill Trading Down 0.2%

Shares of NYSE CMG opened at $40.88 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The stock has a 50 day moving average of $41.24 and a 200-day moving average of $47.72. The company has a market capitalization of $54.82 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.09 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.