Community Trust & Investment Co. Has $13.99 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Community Trust & Investment Co. lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 411,543 shares of the restaurant operator’s stock after purchasing an additional 16,614 shares during the period. Community Trust & Investment Co.’s holdings in Chipotle Mexican Grill were worth $13,992,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill in the third quarter valued at about $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $26,000. Osbon Capital Management LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $28,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $28,000. Finally, Rule One Partners LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $32,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $38.00 to $35.00 in a research note on Friday, June 5th. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday. BNP Paribas Exane upped their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. TD Cowen reissued a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Mizuho upped their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Twenty-four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.16.

View Our Latest Stock Report on Chipotle Mexican Grill

Key Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

  • Positive Sentiment: Analyst support remains intact: BTIG Research reaffirmed its Buy rating, while Argus raised its price target to $45, indicating that some analysts view the selloff as excessive and believe Chipotle’s long-term growth story remains attractive. BTIG Research Reaffirms Buy Rating for Chipotle Mexican Grill Argus Raises Chipotle Price Target
  • Neutral Sentiment: Recent quarterly results were slightly better than expected: Chipotle reported adjusted earnings of $0.33 per share versus the $0.32 consensus estimate and revenue of $3.35 billion versus expectations of $3.33 billion. Comparable sales rebounded 2.2%, supported by menu innovation and an improved rewards program, although higher food and labor costs pressured profitability. Chipotle: One Good Quarter Doesn’t Reset the Risk Profile
  • Negative Sentiment: Food-safety concerns are driving the selloff: The CDC linked a Salmonella outbreak across 27 states to jalapeño peppers served at Chipotle and other Mexican-style restaurants. Reports say hundreds of people have been sickened, while authorities continue investigating the source and whether contaminated peppers reached grocery stores. Chipotle Stock Extends Slide After CDC Links Salmonella Outbreak to Jalapeños
  • Negative Sentiment: Potential business and reputation risks are increasing: Chipotle removed jalapeños from Minnesota restaurants, shifted to another supplier and is cooperating with health officials. Investors are concerned about restaurant disruptions, possible liability and damage to customer traffic, particularly because the incident recalls the company’s prior food-safety crisis. Chipotle Pulls Jalapeños After Minnesota Salmonella Outbreak
  • Negative Sentiment: Valuation and margin pressure add to the downside: One analysis argued that the recent earnings beat does not resolve concerns about declining earnings, compressed restaurant-level margins and a still-demanding valuation. The outbreak creates an additional risk for a stock already facing pressure from rising operating costs. Chipotle Stock Falls Further as CDC Confirms Salmonella Outbreak

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $32.78 on Friday. The stock’s 50 day moving average price is $33.06 and its two-hundred day moving average price is $34.42. The stock has a market capitalization of $41.48 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.15 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $44.27.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

See Also

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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