Private Trust Co. NA Reduces Stock Position in Chipotle Mexican Grill, Inc. $CMG

Private Trust Co. NA trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 78.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,804 shares of the restaurant operator’s stock after selling 25,222 shares during the period. Private Trust Co. NA’s holdings in Chipotle Mexican Grill were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Vanguard Group Inc. increased its stake in shares of Chipotle Mexican Grill by 0.8% in the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock worth $6,932,118,000 after buying an additional 993,798 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock valued at $1,859,211,000 after acquiring an additional 606,190 shares during the last quarter. Geode Capital Management LLC grew its holdings in Chipotle Mexican Grill by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock worth $1,657,193,000 after acquiring an additional 325,926 shares in the last quarter. American Century Companies Inc. increased its position in shares of Chipotle Mexican Grill by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock worth $1,193,618,000 after purchasing an additional 595,038 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $1,001,668,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.3%

Shares of Chipotle Mexican Grill stock opened at $37.80 on Monday. The stock has a market capitalization of $49.98 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 3.86 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $61.16. The business’s 50 day simple moving average is $34.83 and its 200-day simple moving average is $41.88.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMG. BTIG Research decreased their price target on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Evercore ISI restated an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. UBS Group set a $45.00 target price on Chipotle Mexican Grill in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, Jefferies Financial Group reduced their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.