29,073 Shares of Chipotle Mexican Grill, Inc. $CMG Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,073 shares of the restaurant operator’s stock, valued at approximately $929,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $4,417,475,000. Bank of America Corp DE bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $383,483,000. Legal & General Group Plc purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $265,887,000. Man Group plc purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $240,389,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $222,809,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

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Insider Activity

In related news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Seaport Research Partners assumed coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, September 16th. They set a “neutral” rating for the company. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. JPMorgan Chase & Co. dropped their price objective on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Mizuho restated an “outperform” rating and set a $43.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, September 1st. Finally, Argus lifted their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.91.

View Our Latest Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Down 0.7%

CMG traded down $0.21 during trading hours on Wednesday, hitting $30.69. The company’s stock had a trading volume of 12,812,816 shares, compared to its average volume of 17,398,629. The business’s 50-day moving average price is $34.69 and its 200-day moving average price is $33.57. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81. The stock has a market cap of $38.84 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.89 and a beta of 0.96.

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

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.

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