Private Trust Co. NA Acquires 1,257 Shares of Chipotle Mexican Grill, Inc. $CMG

Private Trust Co. NA raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,026 shares of the restaurant operator’s stock after acquiring an additional 1,257 shares during the period. Private Trust Co. NA’s holdings in Chipotle Mexican Grill were worth $1,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ascent Group LLC grew its position in Chipotle Mexican Grill by 3.5% in the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after acquiring an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB grew its position in Chipotle Mexican Grill by 0.3% in the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock valued at $3,326,000 after acquiring an additional 194 shares during the last quarter. Occidental Asset Management LLC grew its position in Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 195 shares during the last quarter. Perennial Advisors LLC grew its position in Chipotle Mexican Grill by 3.1% in the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after acquiring an additional 200 shares during the last quarter. Finally, Quent Capital LLC grew its position in Chipotle Mexican Grill by 2.0% in the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $41.93 on Friday. The business’s 50 day simple moving average is $41.11 and its 200 day simple moving average is $47.35. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The stock has a market capitalization of $56.22 billion, a PE ratio of 37.43, a PEG ratio of 2.52 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CMG shares. Morgan Stanley reduced their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday. BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Stephens restated an “equal weight” rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 29th. Melius started coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a “hold” rating and a $60.00 price target on the stock. Finally, UBS Group boosted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $57.55.

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.