Bryn Mawr Trust Advisors LLC Takes $457,000 Position in Chipotle Mexican Grill, Inc. $CMG

Bryn Mawr Trust Advisors LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,140 shares of the restaurant operator’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill during the second quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $29,000. Finally, Activest Wealth Management grew its holdings in Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Wednesday, October 8th. TD Cowen dropped their price target on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $45.00 price target (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Jefferies Financial Group lowered their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Trading Up 0.0%

NYSE:CMG opened at $30.56 on Friday. The firm’s fifty day simple moving average is $39.24 and its 200 day simple moving average is $46.08. Chipotle Mexican Grill, Inc. has a twelve month low of $30.02 and a twelve month high of $66.74. The firm has a market capitalization of $40.98 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.65 and a beta of 0.98.

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

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.