Trust Co. of Toledo NA OH Sells 4,166 Shares of Chipotle Mexican Grill, Inc. $CMG

Trust Co. of Toledo NA OH lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.7% in the second quarter, HoldingsChannel reports. The fund owned 15,971 shares of the restaurant operator’s stock after selling 4,166 shares during the period. Trust Co. of Toledo NA OH’s holdings in Chipotle Mexican Grill were worth $897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at about $25,000. Saudi Central Bank bought a new stake in Chipotle Mexican Grill in the first quarter valued at about $27,000. 1248 Management LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at about $28,000. Finally, HighMark Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 2.5%

NYSE:CMG opened at $39.86 on Friday. The stock has a market cap of $53.45 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.03 and a beta of 0.99. The stock has a 50-day moving average price of $41.18 and a two-hundred day moving average price of $47.63. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

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

Analysts Set New Price Targets

A number of research firms recently commented on CMG. Sanford C. Bernstein dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, October 2nd. KeyCorp dropped their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Finally, Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.93.

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.