Equitable Trust Co. Has $741,000 Position in Chipotle Mexican Grill, Inc. $CMG

Equitable Trust Co. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,200 shares of the restaurant operator’s stock after selling 1,400 shares during the quarter. Equitable Trust Co.’s holdings in Chipotle Mexican Grill were worth $741,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after buying an additional 491,002 shares in the last quarter. Corient IA LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $753,000. Advisors Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after buying an additional 18,458 shares in the last quarter. Hilltop National Bank bought a new position in Chipotle Mexican Grill in the second quarter valued at approximately $2,579,000. Finally, Banco Santander S.A. lifted its stake in Chipotle Mexican Grill by 47.6% in the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after buying an additional 10,246 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.8%

NYSE CMG opened at $41.77 on Thursday. The firm’s fifty day moving average price is $41.12 and its two-hundred day moving average price is $47.47. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The firm has a market capitalization of $56.00 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.99.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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 research note on Wednesday, September 3rd. Guggenheim cut their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price objective 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-one have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.86.

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.