Park National Corp OH lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 442.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,327 shares of the restaurant operator’s stock after buying an additional 252,265 shares during the period. Park National Corp OH’s holdings in Chipotle Mexican Grill were worth $9,883,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in CMG. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Chipotle Mexican Grill by 7,051.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 243,726 shares of the restaurant operator’s stock worth $7,787,000 after purchasing an additional 240,318 shares in the last quarter. Polaris Financial Partners acquired a new position in Chipotle Mexican Grill in the third quarter valued at about $137,000. QRG Capital Management Inc. raised its stake in Chipotle Mexican Grill by 317.8% in the second quarter. QRG Capital Management Inc. now owns 498,275 shares of the restaurant operator’s stock valued at $16,941,000 after purchasing an additional 379,020 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Chipotle Mexican Grill by 623.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 200,958 shares of the restaurant operator’s stock worth $6,833,000 after purchasing an additional 173,163 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 2.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 50,929 shares of the restaurant operator’s stock worth $1,732,000 after acquiring an additional 1,104 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.
Insider Buying and Selling at Chipotle Mexican Grill
In related news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. This represents a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.
Chipotle Mexican Grill Stock Down 4.9%
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a report on Monday, August 24th. TD Cowen reiterated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Seaport Research Partners assumed coverage on Chipotle Mexican Grill in a report on Wednesday, September 16th. They set a “neutral” rating on the stock. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $42.50 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $43.91.
Read Our Latest Stock Analysis on Chipotle Mexican Grill
Chipotle Mexican Grill Profile
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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