Keybank National Association OH Has $10.95 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Keybank National Association OH trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 194,967 shares of the restaurant operator’s stock after selling 10,940 shares during the period. Keybank National Association OH’s holdings in Chipotle Mexican Grill were worth $10,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Charles Schwab Investment Management Inc. boosted its position in shares of Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock worth $450,868,000 after buying an additional 491,002 shares during the period. Corient IA LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $753,000. Advisors Asset Management Inc. boosted its position in shares of Chipotle Mexican Grill by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock worth $3,784,000 after buying an additional 18,458 shares during the period. Hilltop National Bank acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $2,579,000. Finally, Banco Santander S.A. boosted its position in shares of Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after buying an additional 10,246 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMG. The Goldman Sachs Group reissued a “buy” rating and set a $45.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Sanford C. Bernstein reissued an “outperform” rating and set a $40.00 price target (down from $60.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Guggenheim reduced their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Morgan Stanley reduced their price target on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Truist Financial reduced their price target on Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.97.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.61 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $31.01 and a one year high of $66.74. The firm has a market capitalization of $43.73 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.65 and a beta of 0.99. The business has a 50-day simple moving average of $40.60 and a 200 day simple moving average of $46.79.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill 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.