Community Trust & Investment Co. Sells 43,824 Shares of Chipotle Mexican Grill, Inc. $CMG

Community Trust & Investment Co. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 130,841 shares of the restaurant operator’s stock after selling 43,824 shares during the period. Community Trust & Investment Co.’s holdings in Chipotle Mexican Grill were worth $4,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Chipotle Mexican Grill by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after buying an additional 2,470,213 shares during the period. Capital World Investors raised its stake in shares of Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after buying an additional 48,398,628 shares in the last quarter. Capital International Investors lifted its holdings in shares of Chipotle Mexican Grill by 42.4% during the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after acquiring an additional 11,471,658 shares during the period. Alliancebernstein L.P. boosted its position in shares of 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $1,001,668,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.0%

NYSE:CMG opened at $33.36 on Tuesday. The firm has a market cap of $43.44 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The company’s 50-day moving average price is $37.34 and its two-hundred day moving average price is $37.14.

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

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. KeyCorp decreased their price objective on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Citigroup upped their price objective on Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Morgan Stanley cut their target price on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $47.47.

Chipotle Mexican Grill Company 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.