Rockland Trust Co. Purchases New Holdings in Chipotle Mexican Grill, Inc. $CMG

Rockland Trust Co. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 63,169 shares of the restaurant operator’s stock, valued at approximately $2,476,000.

Several other large investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the period. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter worth about $224,000. Empowered Funds LLC lifted its position in Chipotle Mexican Grill by 5.5% during the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares during the period. US Bancorp DE lifted its position in Chipotle Mexican Grill by 4.9% during the 2nd quarter. US Bancorp DE now owns 108,153 shares of the restaurant operator’s stock valued at $6,073,000 after purchasing an additional 5,009 shares during the period. Finally, waypoint wealth counsel bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $222,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Evercore reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Raymond James Financial raised their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Citigroup upped their price objective on Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Northcoast Research cut Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group lowered their price target on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Twenty-two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $47.24.

Chipotle Mexican Grill Stock Up 0.4%

Shares of CMG stock opened at $39.55 on Tuesday. The firm has a market cap of $51.51 billion, a PE ratio of 34.69, a P/E/G ratio of 2.41 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.09. The company’s fifty day simple moving average is $37.90 and its 200-day simple moving average is $38.65.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.