Chipotle Mexican Grill, Inc. $CMG Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,106 shares of the restaurant operator’s stock after selling 16,884 shares during the quarter. Keybank National Association OH’s holdings in Chipotle Mexican Grill were worth $3,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill during the third quarter worth approximately $25,000. MV Capital Management Inc. purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $26,000. Osbon Capital Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.1%

Shares of CMG stock opened at $35.37 on Friday. The company has a market cap of $45.37 billion, a PE ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 0.97. The company’s fifty day simple moving average is $32.28 and its 200-day simple moving average is $35.08. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $57.25.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMG. Raymond James Financial lowered their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Barclays reduced their target price on 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. Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Finally, Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, May 5th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.10.

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.