NBT Bank N A NY Sells 2,072 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

NBT Bank N A NY decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.0% during the first quarter, Holdings Channel reports. The fund owned 13,868 shares of the restaurant operator’s stock after selling 2,072 shares during the period. NBT Bank N A NY’s holdings in Chipotle Mexican Grill were worth $696,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMG. Alliancebernstein L.P. boosted its position in shares of Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Geode Capital Management LLC lifted its position in Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after buying an additional 395,053 shares during the period. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after buying an additional 166,767 shares during the period. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $1,093,345,000. Finally, Northern Trust Corp boosted its holdings in shares of Chipotle Mexican Grill by 11.1% during the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator’s stock valued at $870,918,000 after buying an additional 1,438,860 shares in the last quarter. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMG. Argus lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, Guggenheim set a $47.00 price target on Chipotle Mexican Grill in a research report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.37.

Chipotle Mexican Grill Stock Performance

CMG opened at $51.39 on Wednesday. The company’s 50-day simple moving average is $50.52 and its two-hundred day simple moving average is $54.14. The stock has a market capitalization of $69.24 billion, a P/E ratio of 45.48, a P/E/G ratio of 2.61 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.59% and a return on equity of 43.29%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $13.37 earnings per share. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now owns 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.02% of the stock is currently owned by insiders.

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.