Midwest Trust Co Makes New $12.07 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Midwest Trust Co bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 215,037 shares of the restaurant operator’s stock, valued at approximately $12,074,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth $27,000. Signature Resources Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter worth $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $29,000. Finally, Activest Wealth Management raised its position in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.0%

Shares of NYSE CMG opened at $30.56 on Monday. The firm has a market capitalization of $40.41 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.65 and a beta of 0.98. The firm’s 50-day moving average price is $39.24 and its 200-day moving average price is $46.06. Chipotle Mexican Grill, Inc. has a 1-year low of $30.02 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CMG. TD Cowen cut their target price on Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. UBS Group set a $45.00 price objective on Chipotle Mexican Grill in a research note on Friday, October 31st. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Stifel Nicolaus lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Finally, Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.81.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.