Caldwell Trust Co Decreases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Caldwell Trust Co decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 87.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,696 shares of the restaurant operator’s stock after selling 26,490 shares during the period. Caldwell Trust Co’s holdings in Chipotle Mexican Grill were worth $118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC raised its stake in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the last quarter. Centurion Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after buying an additional 260 shares during the last quarter. City State Bank grew its holdings in shares of Chipotle Mexican Grill by 13.4% in the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 275 shares during the period. Groupama Asset Managment grew its holdings in shares of Chipotle Mexican Grill by 1.9% in the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after acquiring an additional 291 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in shares of Chipotle Mexican Grill by 7.4% in the fourth quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock worth $159,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $38.00 to $35.00 in a report on Friday, June 5th. Guggenheim cut their price target on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Raymond James Financial lowered their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Finally, Barclays dropped their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $45.10.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $33.37 on Monday. The business’s fifty day moving average is $32.37 and its 200 day moving average is $35.09. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The company has a market capitalization of $42.80 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

About Chipotle Mexican Grill

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.