CNB Bank Has $1.01 Million Position in Chipotle Mexican Grill, Inc. $CMG

CNB Bank trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,957 shares of the restaurant operator’s stock after selling 1,227 shares during the quarter. CNB Bank’s holdings in Chipotle Mexican Grill were worth $1,008,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CMG. Vanguard Group Inc. boosted its holdings in Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock worth $6,148,884,000 after acquiring an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after acquiring an additional 2,404,798 shares during the period. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after buying an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Chipotle Mexican Grill by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after buying an additional 833,760 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.5%

Chipotle Mexican Grill stock opened at $41.18 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The company has a market capitalization of $55.22 billion, a P/E ratio of 36.77, a PEG ratio of 2.53 and a beta of 0.99. The stock’s 50 day moving average is $40.98 and its 200 day moving average is $47.12.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and set a $56.00 price target (down previously from $65.00) on shares of Chipotle Mexican Grill in a research note on Monday. KeyCorp decreased their price objective on Chipotle Mexican Grill from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Truist Financial reduced their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, September 3rd. Finally, Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.69.

Chipotle Mexican Grill Company Profile

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.