Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 160.9% in the 3rd quarter, Holdings Channel reports. The firm owned 122,420 shares of the restaurant operator’s stock after purchasing an additional 75,506 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Chipotle Mexican Grill were worth $3,911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nautilus Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 15.6% in the third quarter. Nautilus Advisors LLC now owns 30,560 shares of the restaurant operator’s stock worth $976,000 after acquiring an additional 4,135 shares during the period. Moody National Bank Trust Division increased its position in Chipotle Mexican Grill by 54.6% during the 3rd quarter. Moody National Bank Trust Division now owns 29,748 shares of the restaurant operator’s stock valued at $950,000 after purchasing an additional 10,508 shares during the period. Park National Corp OH increased its position in Chipotle Mexican Grill by 442.1% during the 3rd quarter. Park National Corp OH now owns 309,327 shares of the restaurant operator’s stock valued at $9,883,000 after purchasing an additional 252,265 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Chipotle Mexican Grill by 7,051.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock worth $7,787,000 after purchasing an additional 240,318 shares during the last quarter. Finally, Polaris Financial Partners bought a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $137,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded down $0.21 on Wednesday, reaching $30.69. 12,812,816 shares of the company’s stock were exchanged, compared to its average volume of 17,398,629. The company has a market capitalization of $38.84 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $42.81. The firm’s 50-day moving average is $34.69 and its two-hundred day moving average is $33.57.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the business posted $0.33 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of a number of analyst reports. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Morgan Stanley lifted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Robert W. Baird restated a “neutral” rating and issued a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a report on Monday, August 24th. Bank of America reaffirmed a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, September 1st. Finally, Argus increased their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Twenty-three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.91.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.